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Gold/Mining/Energy : TNR Resources Ltd (TRR.V was Toscana) -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (606)12/11/1998 11:01:00 AM
From: John Fairchild  Read Replies (1) | Respond to of 659
 
TNR Resources Ltd -

Post says Barrick bid could boost other juniors

TNR Resources Ltd TRRShares issued 3,914,7881998-12-10 close $0.39Friday Dec 11 1998See Argentina Gold Corp (ARP) In the News The Financial Post reports in its Friday edition that Barrick Gold's takeover bid for Argentina Gold could revive investor interest in other junior mining companies exploring in Argentina, all of which are suffering from depressed share values. Reporter John Schreiner notes that in his market commentary on Thursday, Canaccord Capital analyst Andrew Muir says that this takeover offer is a tremendous boost for the junior exploration market. Mr. Muir says it confirms the blue-sky potential of mineral discoveries to provide a home run for speculative investors. He says this takeover will boost the market caps of exploration companies in Argentina. Mr. Schreiner says that all of the juniors working in Argentina could use a lift to market value. Linda Thorstad, a vice-president at Viceroy Resource, says it will draw great attention to Argentina as a whole. Newsletter writer John Kaiser says that Chile, Peru and Argentina has become "the frontier" to which Canadian juniors are retreating after disappointing investors with forays into Indonesia and Africa. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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