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Gold/Mining/Energy : Steppe Gold (SPE:V)
SPE 14.84-0.4%Jan 7 4:00 PM EST

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To: RMF who wrote (609)2/13/1998 12:26:00 AM
From: brian krause   of 1248
 
Had to think on this for a while.

(1) Management may be as committed to holding on to there shares as we are or more so. I think that they actually believe that they have a mine here and huge potential for further exploration as well.

(2) Some of the paper they hold is at much higher prices.Although this page needs to be updated to show the latest few PP's it has a few warrants listed at the bottom. steppe-gold.com

(3) Why would an insider buy before a news release? The price always drops following one ;-)

(4) If this company can operate in Kazakhstan all who own it when it is valued for its minerals will be very happy.

(5) Whens the next news release? I don't think they have been drilling for a while. Standard Bank could be any time from now to a couple more months. A JV could happen on K&A or other project. Some high profile dude could join the team. I don't know.

Triing to be patient

bk
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