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Gold/Mining/Energy : Noble China (NMO) on TSE. Chinese Brewery Stock -- Ignore unavailable to you. Want to Upgrade?

To: 1st.mate who wrote (114)	3/17/1999 7:12:00 PM
From: Ciao	Read Replies (1) \| Respond to of 248

1st mate, don't get paranoid. NMO has no reason to hold down the stock. Companies are under no obligation to buy back shares under a normal course bid. Instead of buying back all those shares, NMO could have given a dividend say of .20 and adopt a regular dividend paying program. That would definitely boost the stock and attract some mutual fund players.

To: 1st.mate who wrote (114)	3/17/1999 9:32:00 PM
From: mick	Respond to of 248

Maybe the company is keeping the price down, but I doubt it. Usually, companies keep the price up except when they are planing to buy stock, like NMO. In the last 10 days, rough 360 K shares traded hands. First Marathon sold 1/3 of them with almost no buying on their part. The next biggest seller was BLC which sold 40 K and bought none. Its hard to say and it can drive you crazy. I know that FM sold 9500 followed by Midland that sold 4500. It just looks like a fund is trying to get out for some reason. Cheers