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To: Jesse who wrote (1723)	4/26/1999 2:32:00 PM
From: bill	Read Replies (1) \| Respond to of 2514

The market is always looking for signals of various kinds. When an exploration company announces that they have found something other than what they were looking for, the market reacts negatively because they believe the company is trying to create a new "story" since they haven't managed to succeed in achieving their original goal. Yet, accidental findings are fairly common. One company, SUD, drilling for diamonds in Ont hit what looked like a strong gold occurance. Stock went from 90 cents to 20.00. This is high risk speculation, not blue chip investment. The price rises and falls on the story. If the drill holes don't support the story, the price crashes. Even a company like WSP, when it announced that it was going to spend money exploring its property in Africa, did not get a positive reaction. Speculators immediately felt that it was an admission WSP had not found anything in the NWT and were not trying to create a new story. Since then they've focused on their NWT property and speculators have moved back into the stock. For MMU's mineral find to be treated in a positive light, the company will have to come up with some mineral results that will look like they have some real potential and not be more than a curiousity. Keep in mind that there are now a lot of daytraders. Speculators move in and out of stocks at a moment's notice. When the only option was full service brokers, it was not feasible to buy and sell on the difference of a penny or two.This makes it very hard for junior companies which have to spend a lot of time proving up a property. Speculators want instant results. Unless a company hits a glory hole (NWI) it is very hard to create a quick run up. And, even if the company does, if the follow up holes don't support the glory hole, the price comes down very fast (NWI).

To: Jesse who wrote (1723)	4/26/1999 5:06:00 PM
From: George S. Montgomery	Read Replies (1) \| Respond to of 2514

Jesse: From a non-geo/non-mineralist point of view: MMU has just sold at a 12-month high. For 8 consecutive months, the high never exceeded 13 cents (CA). I believe the 50+% profit available at 20 cents is pretty attractive to penny stock speculators. The daytraders not being long term investors. I honestly believe you experts, said with respect, are underplaying the role of the in-and-outers in the apparent stall at 20-cents. Humbly, geo PS: In my E*Trade online $1000 account, I seek no company bona fides. I look at the turn in percentages. This has got me more than 20% up in about three months - despite about $300 in 'commissions'. I bet a lot of folk treat MMU in that fashion. And not as a potential stake in a NEW FRONTIER. g.