Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Maracote International Resources (VSE: MCE) -- Ignore unavailable to you. Want to Upgrade?

To: CuGeo who wrote (181)	1/29/1999 8:38:00 PM
From: chevalier	Read Replies (2) \| Respond to of 339

where did you find this out? How much did they sell? All that I could find for the period ending January 29th 1999 was the following: "MARACOTE INTERNATIONAL RESOURCES DRAGOVAN, NELL MARIE " 34 2 *CM 12-21-1998 25 7,000 0 0.000 7,000 As well it seems to me that you recommended selling at these prices before the run to $0.90. To say that insiders are selling out of this stock is complete hogwash considering they control 70% of the paper. I fully expect that this one is going to head higher again based on the next round of drilling and a full scale promotion campaign. I believe that the smart money is buying the stock at the moment. They are currently drilling hole #3 and the second drill has arrived at the property. It is going to drill the LLamakensa zone and should begin any day now. Don't you think that it is a bullish indicator and an endorsement to the property that a second drill has being added? What did you find wrong with the first round drill results. Any company would be happy to have those intercepts on a property that has never seen a drill before. Results should improve as the drills keep turning. As far as the trading pattern goes, I agree something needs to change to take this story over $1. There were far too many traders playing the stock. The key to watch here is McDermid. They were the sellers at the top and are the biggest buyers at the moment. This is still a fairly unknown story in the mining circles. I suspect that if the next round proves favourable, then some prominent newsletter writers are going to step up to the plate here and bring in big US buying. Similar to what happened to Madison when it was written up and consequently moved from $1 to $2 in no time.