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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Serge Collins who wrote (5994)	2/9/1999 8:44:00 PM
From: VisionsOfSugarplums	Read Replies (2) \| Respond to of 24892

Hi, Serge. I was watching the trading on REL. I don't know that Remington had enough time before the close to respond to the halt. It takes some time to draft a PR and senior management may have been unavailable. Canaccord had started to just dump the stock and took out all the bids. Right before the halt, some lowball bids came in but that's when the TSE halted the stock. I think it's the TSE looking for a response. I would think Remington would like to hold off on the response until they have finalized their negotiations (previously REL announced they anticipated negotiations to be completed by Feb 12th). REL has already put out a press release in the past week over this trading activity. The halt may push the deadline up a bit to finalize a deal, or not. It may be halted for more than the few hours it was today if it is too soon for Remington to respond or it they don't have anything to respond with yet.