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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?


To: GC who wrote (1721)4/26/1999 1:39:00 PM
From: Jesse  Read Replies (2) | Respond to of 2514
 
Good question-- hard to say. Stock had a good strong open, but she weakened off a lil. I see McDermid (brokerage) selling, not helping any rallies to get started. -- Perhaps the market awaits more lab results and a better understanding, as Leigh has indicated. Also, there really is not a big following of this stock, yet.

- We will likely see some more results back this week.

Here's what was said about the last NR by the co.:
Message 9091672

All the best,
-j
:>
PS -- Here is Marum's current project website:
mmu.simplenet.com



To: GC who wrote (1721)4/26/1999 3:20:00 PM
From: Sudhir Khanna  Respond to of 2514
 
Exploration is a capital intensive business. MMU is low on capital. As speculated in the last issue, I expect some warrants and options are being exercised in order to put some money into the company. Traders are also taking profits.

In addition to the above, Caribgold (CG.t) has a large block from a previous agreement. CG may be taking advantage of the liquidity to increase their cash position.

There is much work to be done before one can call this a discovery. So far, results have indicated that the area is prospective for diamonds and sulphides. The conditions which may yield a major discovery exit.

Sincerely,
Sudhir Khanna, P.Eng.
Editor, The RESOURCE INDICATOR
goldsheet.simplenet.com
Free Trial: mailto:khannas@interlog.com?subject=SI_MMU