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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: QuietWon who wrote (486)	1/18/1999 7:33:00 AM
From: QuietWon	Respond to of 2259

GME.V -> signif volm (for GME.v) at end of day on Fri. - court award date nearing. Rumour has it GME.V will be awarded 50% or more of the mine, the mine having over 2,000,000 oz of gold. Considering GME.V owns ~30-35% of the mine, an award at the 50% level represents a 40-66% increase in GME.V's ownership. Stock price should go up to reflect it. If court awards 55% or 60% ownership for GME.V, % increases even greater. GME.V put it's financial contribution into the mine, but it's partner did not - the court has already decided for GME.V, but just waiting the magnitude of the award, which rumour has it could be anytime by mid Feb. depending on when the judge gets around to it. Float is small as ownership is concentrated in a small number of strong hands who are long term investors. There are no shorts. This stock will go up. First mentioned it around 80/85 cent level. They produce at ~$220/oz and are profitable.