Another comment from Jason!!!
Subject:
Coleville's Annoucement: An ingenious report
Date:
Thu, 05 Dec 1996 08:33:47 GMT
From:
jason123@cadvision.com
Organization:
CADVision Development Corp.
Newsgroups:
misc.invest.canada
Well, let's read very carefully on the report one more time:
"It is >>>>>>>>> STILL <<<<<<<<< apparent that there are 4 areas that
">>>>>>>>>COULD <<<<<<<< contain potential interest to Barrick."
Now, let's think for a moment, it sounded very negative, it looks like
the person who wrote it has no confidence. Very weak indeed. That's
very interesting, if you work for CLL, you wrote something like this,
you would be fired before it published. But it aired, so there is
only one conclusion, the directors at the top allows this piece of
news to air.
Think about it, as a news release writer for CLL, you have to act on
the benefit of shareholders, you can't write a report saying "it is a
dry well." But to a certain extent, that's what they wrote. They did
not say it directly, but indirectly. And the people at the top let it
air to Canadian Corp. News.
On the surface, it looks like bad news, but it is an ingenious trick:
The stock drops.
And it refuses to mention the most important piece of news, how big
are those 4 areas? Logically, it should be mentioned. It looks a lot
like they leave it out on purpose.
There are 2 pieces of news that the panic shareholders forget:
1) The annoucement creates a panic, no one in the right mind who works
for CLL should do that unless he wanted to get fired. But since the
annoucement is allowed to air, then, it's clear that CLL directors
want to phrase those words that way. Doing so can only leads to one
thing, a drop in stock price.
So what happens? Over 300 k shares in trade, and 183 transaction in
one day. Let's look closely, it meant for every share that someone
sells, someone else bought that share. Now no matter who bought those
shares, those people can only make money when the stock goes up. So
some people out there bought 300K today, so it means that "some
people" expects the price to move up. It looks a lot like an
ingenious shakedown to me.
2) You really think Barrick doesn't know CLL has something or nothing?
If they don't know, you think they will sit at the JV table for so
long? A few weeks ago, we speculate whether Barrick is really one of
the JV partners, now we confirm they are one of them. Would Barrick
waste their time and money at CLL if there is nothing there?
Read the annoucement, "it is CLL's intent to utilize .....INFORMATION
AND RECOMMENDATION contained in the BARRICK report to initiate its own
drilling prog...." You really Barrick will waste their time to give
you recommendation and information if they know it is a dry well?
They would be long gone by now. Think about it.
Someone got a MSc. in English and cook up those ingenious phrases in
that news annoucement today. I bet he gets a bonus.
If you are good, then you know it will take a better job than this to
shake you down. |
