Metallic Minerals Corp V.MMG

January 7,1980 and Silver rule 7

[mattbigham]

Again,silver will not effect the price of MMG while management  have declared that Formo/Keno is an entity to further La Plata by monetizing it in whole and/or parts.
MMG's fortunes are now tied to the development of La Plata ,although a massive DP @ Formo and /or a deal for Formo/Keno should effect the share price as that will expedite LP's development.

7 January 80
Comex enacts Silver Rule 7 which limits silver contracts delivery to 500 contracts per month. These rules were intended to impact the Hunts and not impact commercial trading firms.

21 January 80
Comex limits silver future trades to liquidations only, until further notice. The CBOT does the same the following day, implementing the restriction for the next two months.

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When the silver price went against the Commericial entities  that control the price of silver through Comex they changed the rules and then went to a liquidation market only.