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

To: Andreas Lichtblau who wrote (33)	11/6/1998 11:19:00 AM
From: Andreas Lichtblau	Respond to of 34

Pete asks: "It's been awhile since anything has happened besides tumbling stock prices. Is there any reasonable explanation why NRL is now just hanging around at .80? Who is buying and selling (around 20,000 shares daily) and why is the price not climbing back up? Everything was looking good up to a few weeks ago, now should we still be optomistic about the findings? Please enlighten me! Big Pete" Dear Pete: Apart from telling you that most resource stocks haven't fared well in the meltdown, I can't give you any clear reason why NAR is still under a dollar. It's in an enviable position with regards to operator Falconbridge drilling the property with two machines, but in the unenviable position of having Falconbridge not release any news. Certainly if a junior were drilling, we'd have updates and news leaks at "opportune" times. Falco's by the book.......so we have to wait for official NEWS. The upside (and it's an important one) is that they truly are on the trail of an elephant.....they're not at all tempted to drill beside an old hole, to get good assays for another round of promotion. The other upside of the meltdown: NAR is now cheaper to own than before, but with the same potential leverage when Falco finds the deposit. You can call Len Taylor, or visit the web site, for other info nar-resources.com