Goldminco Consolidated Mining Corp. GMC (was GMO) Message Board

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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)

GMO 0.0121

0.0%

Jan 21 4:00 PM EST

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To: H. Peter Jacobi who wrote (546)	7/4/1997 12:47:00 PM
From: John W Murphy	of 588

Hi Peter, you made some very good points. Also the shares taken down by the insiders at .73 can not be traded until February of next year. There were only 9 trades yesterday and it's unfortunate that some people ,even though extremely few, are giving up their shares. If I had not talked to Peter Tambanis as much as I have I would be very worried too. Peter is a very unusual person to say the least, he is definitely not what we are used to dealing with. Pulling the teeth from a consious alligator would be easier than getting information out of him. He does not try to sell you on anything, he doesn't even attempt to. But at least when you talk to him you have your own gut feelings to rely on. My personal gut feeling (bear in mind I could be wrong) is that he is completely honest. I believe he is totally comitted to this Project. He will make very few committments but he is adament that there is a mine on the property.He says that he has not done enough drilling to decide whether we have a lamb or an elephant, but that both are still possible.He is very reluctant to post initial drilling results because he says whether they are bad or very good everyone will overreact in one direction or the other and as far as he is concerned they are only preliminary and a lot more work needs to be done. He does not want to JV the property, he wants to put what they have into production to fund further work so they can retain 100% ownership. Basically my feeling is that nothing has been decided in either direction. Oh by the way Peter I am not related to your friend. Best Of Luck

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