GREY:JNRRF - Post by User
Comment by
megphion Feb 12, 2004 12:59pm
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Post# 7047868
RE: trading patterns - Dundee/GMP
RE: trading patterns - Dundee/GMPWell said. An advisory board is usually created to look at the various items related to to creation of a mine. However, I just want to note that I believe these guys have been working with IUC right from the start of their agreement with JNR. It is however a positive move to see them formally grouped as an advisory board.
I also believe a few holes were brought to the lab some time in January and that the results from those holes may have leaked out. I don't think JNR and/or IUC will put out a news release with every hole assayed. I think they will wait until a drill program is over or at least until they have several holes done. I don't think we're going to get a play-by-play on each hole. However, it doesn't mean they don't know what they have.
It is also interesting to note that the 3 groups involved in IUC's PP at $1.50 (Dundee, GMP, and Toll Cross) have done most of the buying since the surge in volume last Wednesday. Maybe they have been tipped off as a thank-you gesture for helping raise the money. Toll Cross was also involved in JNR's last PP. Since last Wednesday:
Dundee bought 645,500 sold 21,500 net 624,000
GMP bought 313,000 sold 0 net 313,000
Toll Cross bought 360,000 sold 60,500 net 299,500