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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (8935)	4/26/1999 12:47:00 AM
From: keith massey	Respond to of 62348

Just a little horror story for all the people out there investing in mining stocks just because they have tons of cash. I followed this one right to the end but was lucky enough never to have bought shares. MAR had $69 million and no debt last year ($1.80/share in cash). They never sold above $1.30 and were selling below cash right up to the end. Last Oct they merged with McWatters on the basis of 0.555 of MCW for each MAR which worked out to .60/share for MAR. MCW is now at .30 which means a company that was worth $1.80/share one year ago is now worth .16. Best Regards KEITH