Acadian Mining Corporation ADAIF

Action, Action. Action-Enjoy the ride!!

[maldoror]

We are given to understand that ADA's three-week dog and pony show, which consisted of a two-week across Canada trip and a one-week Europe trip (London, Paris, Zurich, Geneva), which ended last Friday, was very well presented and was well received. Really well in fact i.e. one Toronto dealer wanted half the issue (he will not get that amount), in London one fund was prepared to buy $5 million worth of stock (amount on this issue stays at $1.25 million), in Paris another fund if given his minimum allocation would buy as much again in the open market (you may guess as to whether this fund is going to get his minimum order). Bottom line: this underwriting is a done deal, the checks are in the mail (no kidding). Bottom line: ADA could have easily sold 6 times as much stock as it is perceived as cheap and because of the current underwriting ADA is getting new shareholders who are prepared to buy more stock in the open market. A large public buyer such as a mutual fund buyer can easily act in a somewhat self serving manner, once he has gotten the commitment on this underwriting to get half the stock he really wants at 18 cents, and buy an equal amount of stock in the open market, drive the price of the stock up and for end of the month reporting look wonderful in the performance game (shocking, shocking). The size of the current bid leads us to believe that this is what might be happening. We hope you bought stock below 20 cents. We did. Enjoy the ride!! Maldoro, your charming confidant and penitent sinner.