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Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?


To: Serge Collins who wrote (258)1/24/1999 7:02:00 PM
From: Rocket Red  Read Replies (1) | Respond to of 5821
 
Serge Collins
As I have Stated before I do not believe this is A 1 Hole Wonder
last year they drilled 7 holes that hit mineralization and good depth
but the grade was not as good.This year they drilled 50m southeast of last years holes and hit over 120' of 2.47 average % nickel this is no fluke if it was you would have seen the same garabage from Svb.Put it this way Dml had a high of 4.25 in 1997 and had dick also partner nai
had a high of around 2.60 in 1997 and had dick.Those two Companys had a total of well over 50mil shares at the time with a price tag of 6.85.

PS Once this get out into the real world the price of Nwi Will not stay here very long.Nwi Had a old high of well over 3 bucks and I do not expect the company would do a financing for less.

PS Just my thoughts



To: Serge Collins who wrote (258)1/24/1999 7:24:00 PM
From: Gary Nash  Read Replies (2) | Respond to of 5821
 
Serge: There is little doubt that management knows plenty more than we do at this point. I have never seen a company which has been around for "decades" suddenly be concerned with a shareholder rights agreement and release the news of such on a Sunday. I have to guess that they have been approached with take-over talks already, especially since, as was stated by someone on an earlier post, financing is in the works. This is certainly going to be an interesting week! I expect to see many "strong hands" buying over the next few days, but time will tell the story.