To: BigTex who wrote (3633 ) 10/18/1998 10:17:00 AM From: Mr Metals Read Replies (1) | Respond to of 5908
Hi BT, Bob Bishop is probably one of the most followed news letter writers in the gold mining industry. I just wanted to show you that even the very best screw up big time now and then. Bob reco'd CTQ at $4.25 a share. CTQ closed at 50c Friday on the TSE. This information was released to Stockwatch on Thursday Sept. 8, 1998 Can anyone out there explain ??????? Bishop says buy, partly on Cerro Samenta dispute Corriente Resources Inc CTQ Shares issued 20,977,832 1998-09-03 close $0.55 Thursday Sep 3 1998 Robert Bishop, writing in the August 28 issue of the Gold Mining Stock Report, says Corriente Resources is a buy at $4.25. Mr Bishop says he regards Corriente as a speculative buy and urges his readers to not pay more than $4.50 a share. The California stock tipster appears to favour Corriente to win a title dispute with Mansfield Minerals in the Argentinian courts; the dispute concerns the Cerro Samenta property. Mansfield's shares have soared on word that trenching results there are extremely positive. Mr Bishop says shareholders are "implicitly betting on one company or the other," in the affair, and while the market appears to favour Mansfield, Mr Bishop tells his readers to buy Corriente. Corriente issued a press release concerning on August 26 and Mr Bishop interprets the announcement's peculiar wording as being that CTQ has done a deal with a prospector that believes he holds good title to the ground that encompasses the entire zone of mineralization known as Cerro Samenta. Mr Bishop says the key issue is not "Who was there first?" but "Who was where first?" Mr Bishop recommended CTQ in June 1994 at $1.36, and again in September 1994 at $1.25. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com MM