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


To: Gary Nash who wrote (2032)3/21/1999 11:19:00 AM
From: Tom Cat  Respond to of 5821
 
Gary,
Agree, no wilcat stuff is good when you have what NWi has, still my only contention point is the fact that their IR person (Kathy Hume) stated that releases will be reported once a group of 4 or 5 are finished, this to reduce the cost of transportation, news were not expected until next week, then NWI changes their mind and reported early, I think I am not alone when I was expecting good news, the last NR, for me at least, are no news, they coul've included this with the next set of holes. I am not questioning the need of deepening old holes to confirm EM's, just that it did not warrant a halt because there is fundamentally nothing new to learn that changes NWI potential for a large deposit. Perhaps you are right, about Doug Hume having the money not to be worried about the Money . Aside of the 10 Mill from the financing, I understand that there was a news article in Toronto (Globe and mail?) where they showed the insider trader report for Mr. Hume, as I understand he sold some of his position at 2+, although this is a small part of his overall position, it gives him the peace of mind to have an egg nest, I am not in that position and have to size the risk, and would prefer to see an exploration that unveils the size of the animal pronto. If someone in Toronto has a copy of the article (posted about two weeks) would it please expand on the article?
TC