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Gold/Mining/Energy : NAR FORUM -- Ignore unavailable to you. Want to Upgrade?


To: Andreas Lichtblau who wrote (18)7/28/1998 10:56:00 AM
From: Andreas Lichtblau  Respond to of 34
 
from the NAR Forum page at nar-resources.com this morning:

I read about this company while lurking in Michael Burk's thread. I am a faithful reader of his chat room because it is THE BEST source of honest, factual and intelectual dialoge on the net. It surprised me to read Earlies comments (normally they are told to go forth and multiply} when someone recomends a stock LONG. I have read your web site from cover to cover and i called my broker today to see if anyone at his firm covered the stock. He laughed and told me that all of the mining analyst's are hiding under their desk's and their lawyer answers the phone.My question.... has anyone writen this stock up and if so could i get a copy ? Regards H. Bernstein

Dear H.:

Bob Bishop wrote it up in May: "..it is my growing belief that NAR may be on to a significant discovery." and "..in the realm of $5 stocks, I am inclined to the view that Falconbridge may have drilled one or more significant holes.." Now, if Bishop's past success with Diamond Fields is any indication, he may well be interested in the expanded program Falconbridge is now committed to.

Bay St. wizards will no doubt wait 'til Falco's drilled off a 30 million tonner of Kidd Creek style ore to recommend NAR Resources. Matchbook type calculations suggest if the ore is worth $200/tonne, then there's $6 billion in the ground for a 30 million tonne deposit. Nar's 40%, divided by 8 million shares , gives it a value well in excess of $100/share.

Falconbridge won't give out any news on current drilling until assays are in/or they deem it of material importance to NAR. I doubt there is anything one can do to get them to release news even on a monthly basis. The big guys don't operate like that: NAR will have to wait, so will I.



To: Andreas Lichtblau who wrote (18)7/28/1998 11:11:00 AM
From: Andreas Lichtblau  Read Replies (1) | Respond to of 34
 
fast and furious this morning!:

Who,s buying 1.3 million dollars worth of stock and what does he know? I tried to talk to Taylor today and he suddenly does not take calls? Whats going on? the stock drifts off for 3 weeks breaks a down channel no volume and the start drilling and the biggest volume ever on the stock today! I think that NAR better tell us if Falconbridge has hit the "BIG ONE". MR. TIMMINS

Mr. Timmins:

I called Leonard Taylor this morning: he confirmed HE exercised options today toalling $0.9 million. This money to go into the Zimbabwe program. When I find it hard to come up with $9 for a bottle of wine, this looks like a huge vote of confidence in Falconbridge's work program!

Whenever I receive any maps released by Falco I'll post them to my Forum page at nar-resources.com