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

To: Brumell who wrote (2865)	4/1/1999 7:21:00 PM
From: Just G	Read Replies (1) \| Respond to of 5821

Brumell: Should someone e-mail this to the National Post, and show them how the article should have been written, we up North consider the miner sacred. Thanks for posting, as I can get the miner until Saturday. Regards G

To: Brumell who wrote (2865)	4/1/1999 9:09:00 PM
From: Marek	Respond to of 5821

Here's today article from StockHause. April 1st, 1999 StockHouse News Desk Nuinsco Shares Make Slight Gains As Investors Hang On For Better Results Vancouver, BC, April 1st /SHfn/ Nuinsco Resources, the Toronto-based junior miner, has seen their share price take a beating over the last week after results from the Lac Rocher site keep turning up nothing new. Nuinsco lost 24 per cent of its value Tuesday after the company released another set of drill results that disappointed investors about the size of its nickel find in northwestern Quebec. The latest results which were reported on Tuesday came on the heals of similar results that were reported on March 17. When asked if the market can take another report that is less than positive, Company representative Stephanie Thompson admits, "I don't think it can, people are starting to lose faith." However, Thompson says the company is still on track with their $3.2 million drill program and has two rigs drilling around the clock. In a company Press Release announcing the latest results, Nuinsco President Douglas Hume stated, "the results are promising because nickel-bearing sulphide minerialization occurs in virtually every hole that has been assayed." The problem is that the resource market has been hammered by both poor metal prices as well as mining debacles such as Bre-X Minerals. "The market is expecting to go home with a double," says Ron Coll, analyst with Thompson Kernaghan. Both Coll and Thompson admit that several more holes are needed before results can be thoroughly analyzed. Nuinsco seems to be doing itself a disservice by announcing results that don't really say anything and John Kilburn goes further, "this is not very positive for the resource market." Speculation that Nuinsco had discovered a massive nickel deposit sent its shares soaring to $3.26 last month and in the ensuing hype, more than 50 juniors bought up exploration rights around the Nuinsco claim at Lac Rocher. The company raised $10 million through a special warrant offering in mid-February due in large part to the hype surrounding the project. When asked if the company dare release new results any time soon, taking into consideration past performance, Thompson expects that there will possibly be another announcement in the coming week. The latest news release on Tuesday reiterated the often referred to company line, "the company considers developments to date to be typical of the early stages of a major new exploration undertaking." Robert McAllister who writes the Investors First newsletter gives his recommendation, "If the market moves the stock above $2.10 based on new results add to current positions. If the market moves the stock below $1.50 on poor results close out position." When asked what the best recommendation for the company would be at this juncture, Coll admits there is only one thing the company can do, "they need to put down several more holes." The question everyone keeps wondering is whether or not the market can hold on long enough for these holes to be drilled. Nuinsco shares closed on Thursday up at $1.32 on high volume.

To: Brumell who wrote (2865)	4/1/1999 10:01:00 PM
From: Marek	Respond to of 5821

House Positions for NWI from 04/01/99 to 04/01/99 Hello there! nice finish just before long weekend. I guess it takes lots of experience NOT to do what peoples did yesterday and I'm talking about selling at .95 cents. It was absolutely crazy to do this at this point PANIC and if You trade stocks long enough You known this feeling I'm sure of that. Monday will be very interesting,watch for trading patterns and most important watch who is accumulate or selling. Look who was selling for last few days,they are buying now! I think this pattern tells its own and full story. Monday will be very interesting because is enough time to do more drilling and over the weekend some houses will known for sure what is going on. I belive that leak is small but clearly evident. Market is ALWAYS right!!(read here FM) Good luck to everybody. Regards Marek Ex House Bought Av/Sh Sold Av/Sh Net $Net T 85 ScotiaMcLeod 78850 1.18 24700 1.22 54150 -63224 T 80 First Marathon 79700 1.24 50000 1.22 29700 -37585 T 31 Dominick 25000 1.32 0 0 25000 -32960 T 33 Canaccord 127000 1.19 102000 1.23 25000 -24680 T 9 Nesbitt 85850 1.22 63000 1.14 22850 -32650 T 19 Desjardins 34600 1.25 14618 1.08 19982 -27522 T 79 Gundy 36800 1.29 17600 1.25 19200 -25543 T 17 Brawley Cathers 142000 1.19 126500 1.21 15500 -14915 T 38 Golden Capital 15000 1.13 2000 1.25 13000 -14380 T 90 CT Services 23500 1.22 13700 1.25 9800 -11676 T 2 DS 54400 1.25 49550 1.2 4850 -8619 T 99 James Capel 9500 1.1 7500 1.23 2000 -1220 T 70 Goepel 57618 1.15 55950 1.22 1668 2109 T 18 Georgia Pacific 32000 1.24 32000 1.31 0 2250 T 25 Odlum 10000 1.32 10000 1.3 0 -180 T 61 15000 1.13 15000 1.22 0 1400 T 22 Thomson Kernaghan 0 0 2500 1.21 -2500 3025 T 57 St James 19000 1.08 23000 1.19 -4000 6970 T 95 Wolverton 0 0 5000 1.19 -5000 5925 T 36 Latimer 17000 1.18 24500 1.23 -7500 10045 T 88 Versus 250 1.23 8000 1.16 -7750 9003 T 27 Deacon 8000 1.28 16000 1.14 -8000 7980 T 11 Yorkton 13300 1.11 25000 1.13 -11700 13383 T 7 Green Line 97200 1.14 109450 1.16 -12250 16165 T 44 Jones Gable 10000 1.17 25000 1.11 -15000 16040 T 41 Standard 0 0 23000 1.16 -23000 26710 T 6 Union 36000 1.2 59400 1.22 -23400 29173 T 63 Levesque Beaubien 15000 1.17 41200 1.13 -26200 29024 T 59 PI 15500 1.15 42000 1.24 -26500 34140 T 39 Midland 66100 1.25 99100 1.2 -33000 36413 T 83 Research Capital 2000 1.24 38900 1.23 -36900 45399 Total 1126168 1.2 1126168 1.2 0 0

To: Brumell who wrote (2865)	4/1/1999 10:05:00 PM
From: 4TNiner	Read Replies (1) \| Respond to of 5821

Bob , this was well written article that explained the drill results in a straight forward way. As most of us feel NWI has been, with the drill program, finding interesting assays with almost every hole. I think it is Stockhouse who have said twice now that the market is looking to come home on a double. To score on a double usually requires that the runner be on second. NWI's drill program is still on first base but with the next set of results we could be advancing the runner all the way to third. All that we will need to score after that is a nice single that extends the body of ore to a minimum economic level. After that everything is gravy. What we have seen so far confirms my belief of the market in that most people are lemmings. They get so used to going with the crowd they lose their own sense of direction. Right from the start the fundamentals surrounding NWI have been positive. It is speculative but the geology seems to have a good chance of delivering the goods. Alot of people have bailed and may have sold out at a loss. We discussed early in this thread that the stock was worth squat and that its market price was based on perceived future value. DUH PEOPLE, we have not drilled many holes here and each hole seems to be giving us some nickel. That's got to be worth something. Lets see what we have after fifty holes and 500 metres of range.I will wait for the next set of results and then decide. Until then Happy Easter and stay well.