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Asiabasemetals Inc V.ABZ

AsiaBaseMetals Inc. is a growth company focused on the exploration and development of metals, including precious metals such as gold and silver, base metals such as zinc and copper, and alkali metals such as cobalt and lithium. The Company has a 100% owned project in northeastern British Columbia, Canada - the 1,996-hectare Gnome zinc/cobalt project in the prolific geological district known as the Kechika Trough, a district hosting several zinc deposits. The Gnome project lies 70 km SE from the Cirque Zn-PbAg deposit and 46 km SE along the trend of the Akie Zn-Pb-Ag deposit, all of which are in the Kechika trough, a geological belt northeast of Williston Lake containing these and other the sediment hosted Zn-Pb-Ag prospects along trend. The Company has an option agreement to acquire properties, such as Paisano Gold, Cedar River, Robbins Lake and Moosetrack Lake. It is also reviewing additional advanced projects for acquisition.


TSXV:ABZ - Post by User

Bullboard Posts
Comment by mark5698on Feb 04, 2004 4:24pm
91 Views
Post# 7002328

RE: Took a small position ...

RE: Took a small position ...After two tries at financing through the sale of stock (not similar to Aber) the third time was the charm. About a week, maybe less, after CAEs' deal closed with the institiutions they (being CAE) put out poor q numbers (or a lost contract bid, not sure what it was at the time) and locked the bagholders into a 20% loss on the makets reaction to the news. Looks as if the syndicate financing Aber is getting the same treatment although maybe not to the same extent; time will tell on that count as well. Not to worry, all will turn out well for both sets of bagholders; they have very deep pockets and are both nimble and patient traders. CAE has done well in the interim; I just left a little while ago with a decent profit after a few months time and am waiting to re-enter when the time is right. Hope that clarifies things a little better; you can read all about it in the archives of CAEs board if you want to pursue it further. Good luck to all
Bullboard Posts