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Gold/Mining/Energy : Canadian Gold Stocks under $5
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To: Greg Thornton who wrote (132)9/19/1996 12:51:00 AM
From: Skip Henderson   of 198
 
Have very good background on SRO. Have been invested for about 4.5 years and have seen this issue over $4.00 cdn. Just incase you are interested my sources say that there is a major funding package that should be finalized in less than two weeks (conservatively speaking)that will bring in $13 + mil US. The Company should be making a MAJOR restructuring of the Management/Admin. The Plumas propety in Calif. Assayed at 0.155 oz/ton is in gravel which will keep cost of recovery very, very low.
The Guatemala Oil Platform is to be made operational and a drilling program will be started on the adjacent lease.
Right now this Co is trading in the 20-40 cent CDN range and is REAL cheap at this price. I will be increasing my position on this one as the market begins to move. All I can say is I have made some serious money(at least for me) on this Co all the way up and on the way down.
If one considers the proven reserves on the oil field they will be making operational and the daily production of 500-1000 bbls a day you only have to multiply to figure where this Company is going.
I see 30 degrees to the stratosphere after what I believe a gap to the $1.00 level. Once the MMs realize the REALITY of SRO potential, they are gonna JUMP on board.. Contact the Company at
600-800 West Pender Street, Vancouver, B.C. 640-669-6952 FX 609-669-6331, www.seineriver.com, email: Info@seineriver.com .
The Annual report just came out in June I'm Sure they will send you a copy. Regards, Skip Henderson ps also check ou Pacific Van gold Mining. This one I belive to be a drowsy giant...when it wakesup!!!
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