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

To: Michael Bakunin who wrote (30)	10/8/1998 6:51:00 AM
From: Andreas Lichtblau	Read Replies (1) \| Respond to of 34

Sorry to be so late in replying: been out in the bush looking for some late season VMS targets for another client. (Hint: don't go out the first day of moose season!) Yes, three parties bought NAR @ $0.30, for a total of $450,000. The Press Release (http://www.nar-resources.com/nar-28sep98.html) states this occurred after the market melt-down, at a time when all junior mining stock became "no bid". This control block, held by Tandem Resources, must have been put on the block under duress, since, even a field geologist like me knows, it's not time to sell when there are no bidders. Luckily these people came up to bat, and got the stock at a discount.......nobody else was interested! To buy quality when prices are low I thought one of the axioms of the Market; these people obviously have the confidence in Falconbridge's drilling, the Falco people on the ground in Zimbabwe and the $$$ supplied by Leonard Taylor's NAR Resources. Happy Hunting!