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Gold/Mining/Energy : Montello Resources

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To: Joe Sing who wrote (2112)	4/24/1998 10:53:00 AM
From: JP	Read Replies (2) of 4256

<<If the company has no near term plans to drill, what is the imperative to buy now? The fact that Thomas is sounding bullish? Truth be told, he gets paid to sound that way, really! Maybe caution is the better route now, especially since interest is starting to wane just a bit.>> 1) MEO is planning to drill sometime in next 2 months. They will start as soon as they are confident on the targets -could be as early as a couple of weeks. 2) MEO bounces between 35 cents and 90 cents. It is now at 38 cents -it is obviously the time to buy -not sell. 3) Once MEO hits kimberlite the bouncing will be reduced. JP

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