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   Gold/Mining/EnergySpokane Resources V:SKN


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To: John Soileau who wrote (28)1/26/1998 4:02:00 AM
From: burner
   of 51
 
Hi John,
I noticed a fair amount of insider buying of the common stock in the market. Some 200,000 shares between 11/17 and 12/24.
I will pull it of the BCSC and post it here in a couple of minutes.
Dan
----.........................------------------............

SPOKANE RESOURCES LTD ARMSTRONG, G. ARNOLD 4 1 *CM 11-17-1997 10 3,000 0 0.360 3,033,753
4 1 *CM 11-18-1997 10 3,000 0 0.350 3,036,753
4 1 *CM 11-18-1997 10 1,500 0 0.360 3,038,253
4 1 *CM 11-18-1997 10 1,000 0 0.340 3,039,253
4 1 *CM 11-19-1997 10 2,500 0 0.350 3,041,753
4 1 *CM 11-21-1997 10 1,500 0 0.300 3,043,253
4 1 *CM 11-21-1997 10 10,000 0 0.340 3,053,253
4 1 *CM 11-21-1997 10 5,500 0 0.350 3,058,753
4 1 *CM 11-21-1997 10 5,000 0 0.370 3,063,753
4 1 *CM 11-24-1997 10 1,000 0 0.350 3,064,753
4 1 *CM 11-26-1997 10 2,500 0 0.350 3,067,253
4 1 *CM 12-01-1997 10 9,500 0 0.260 3,076,753
4 1 *CM 12-02-1997 10 5,000 0 0.320 3,081,753
4 1 *CM 12-02-1997 10 25,000 0 0.330 3,106,753
4 1 *CM 12-03-1997 10 47,500 0 0.300 3,154,253
4 1 *CM 12-03-1997 10 1,000 0 0.310 3,155,253
4 1 *CM 12-03-1997 10 20,000 0 0.330 3,175,253
4 1 *CM 12-04-1997 10 5,000 0 0.300 3,180,253
4 1 CM 12-04-1997 10 8,000 0 0.300 3,188,253
4 1 CM 12-08-1997 10 3,000 0 0.350 3,191,253
4 1 CM 12-08-1997 10 15,000 0 0.350 3,206,253
4 1 CM 12-08-1997 10 5,000 0 0.350 3,211,253
4 1 CM 12-10-1997 10 1,000 0 0.340 3,212,253
4 1 CM 12-11-1997 10 4,000 0 0.340 3,216,253
4 1 CM 12-11-1997 10 10,000 0 0.330 3,226,253
4 1 CM 12-11-1997 10 2,000 0 0.300 3,228,253
4 1 CM 12-12-1997 10 5,000 0 0.300 3,233,253
4 1 CM 12-15-1997 10 500 0 0.300 3,233,753
INSIDER TRADING REPORT FOR PERIOD ENDING January 23rd, 1998 Page 37
01-22-1998 08:34:22
SEC TRANSACTION UNIT
ISSUER INSIDER RELN OWNER CLASS DATE NATURE ACQUIRED NATURE DISPOSED PRICE BALANCE
---------------------------------------- ------------------------------ ---- ----- ----- ---------- ------ ------------ ------ ------------ ------- -----------------

SPOKANE RESOURCES LTD ARMSTRONG, G. ARNOLD 4 1 CM 12-16-1997 10 10,000 0 0.300 3,243,753
4 1 CM 12-23-1997 10 25,000 0 0.260 3,268,753
4 1 CM 12-24-1997 10 5,500 0 0.310 3,274,253
4 1 WT 12-24-1997 0 71 83,500 0.000 0

Regards,
Dan Byrne

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To: burner who wrote (29)1/26/1998 9:17:00 AM
From: John Soileau
   of 51
 
Thanks Dan. Got my eye on this one, the activity might mean something...or nothing. Time will tell.
What do you think of the Mexican mine tailings? I've seen old tailings used as "promo fodder" by other companies in the past and so am automatically dubious. Seems they got into this real cheap, but yet it's supposed to be real valuable. Needless to say I haven't warmed up to that venture yet--show me.
But the Mac deposit I still like and hope to be hearing from soon.
John

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To: burner who wrote (29)2/4/1998 5:49:00 PM
From: Texas77
   of 51
 
Volume and price up today. Are we ready to start moving?? It is about time for some MAC news to go with the Mexican news. Anyone talking to the company?

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To: Texas77 who wrote (31)2/16/1998 6:40:00 PM
From: John Soileau
   of 51
 
What'd you think of today's activity?
John

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To: John Soileau who wrote (32)2/17/1998 12:47:00 PM
From: Texas77
   of 51
 
I think that we are in for some positive times - FOR A CHANGE!!!

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To: Texas77 who wrote (33)3/4/1998 2:46:00 PM
From: FSR
   of 51
 
Hi Dave
New to SI but a long time SKN holder. Hopefully we are in for better
times - it would be nice if it happened before the rest of the hair on
my head fell out in the shower! I've given up waiting to see the royalties for the "Firelight II Barbecue come flowing into our
treasury! On a serious note, what do you think of John Kaiser's
comment regarding company dilution with it's involvement in the Mexican J.V. He says sell - I believe he has a bone to pick with the
way Mr. Armstrong has handled other business transactions. Contrary to
this thinking is Yorkton's position on Sand River Resources ( they
said buy at $0.2 - now at ~ $.6) Having a partnership with SRIV could
be a real plus considering that their VP, Dale Corman, is also the CEO
of Western Copper ( San Nicolas Discovery,Mexico) The fact that Mr Armstrong has been scooping up most of the low priced shares the last
while leads me to believe there still is good potential. But how long
are we going to have to wait!
Good day FSR

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To: FSR who wrote (34)3/4/1998 2:58:00 PM
From: Texas77
   of 51
 
Hi FSR,

I have had a position in SKN for over a year now. I did average down and I could get out even now - but I plan to give them until summer to see what happens. I haven't been following them closely - but I did see that Armstrong was buying. Another friend that I have in Canada has also told me that they are backed now buy some very influential people and he told me to hold on a while so that's what I will do.

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To: Texas77 who wrote (35)3/14/1998 3:48:00 PM
From: John Soileau
   of 51
 
Warrants, more dilution... news release a few weeks ago:

The Brokered Private Placement of 900,000 Special Warrants at a price of $0.35 per Special Warrant announced on November 3, 1997, has now been completed. The $315,000 (net $298,000) proceeds of the private placement will be applied to fund due diligence on mineral concession, located in Chihuahua State Mexico, which the Company has agreed to acquire in a joint venture with Sand River Resources Ltd., and for General Corporate purposes. ON BEHALF OF THE BOARD

They also filed a notice that an employee has been given an option to buy 50,000 shares at .50, good for several years.

Wonder if they will ever mention the MAC again (remember the billion dollar Mac!), or are we just pushing the Chihuahuas these days?

Woof woof.

John

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To: John Soileau who wrote (36)3/14/1998 10:20:00 PM
From: Texas77
   of 51
 
John,

I get so tired of these damn plays. But I'm glad that they got some financing. Last that I heard - (in a passing comment from someone that used to be paid to promote SKN but no longer has any reason to tout them) was that some very powerful and influential people were getting behind SKN. I was tempted to dump a couple of weeks ago - but I plan to hold until summer. I think that the MAC property will come back eventually - but our best play for near term is probably the Mexico stuff. It's a damn shame that the insiders of these plays rarely get burned - but probably 90% of the honest investors do. Seems that there just isn't any justice, but if they couldn't play brother in law and insider games - I guess there wouldn't be any game at all - the big investors wouldn't step up to the plate for these financings. Playing in the far east in the 60's and early 70's was a lot less risky - but not as much fun! <VBG>

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To: Texas77 who wrote (37)3/15/1998 12:56:00 AM
From: FSR
   of 51
 
Hi Dave:
I'm sick and tired of these "games" also! Just finished reviewing the
glossy 1997 Annual Report - "Independant reserve estimate established
the Camp Zone, Mac Property, valuation to date at over Cdn $1 billion" So here we sit at $.30, more dilution as mentioned previously, and new
properties potentially needing more capital. I hope there are some
big players in the background waiting to get this stock kick-started,
or there's more to this Mexican prospect than a tailings pile >>>>>>> before the Rip Van Winkle Syndrome sets in permanently!

FSR

B.S. or P.S. Anyword on the transition to the TSE

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