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Gold/Mining/Energy : ATLANTA GOLD CORP. (TSE:AAG)
TWG 3.860-5.1%Feb 2 3:59 PM EST
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To: Ronald P. Margraf Sr. who wrote (95)12/17/1996 1:56:00 PM
From: Matthew J. Levesque   of 495
 
Ron;

This could be stock manipulation, the commissions for this amount of shares would be high in respect to the value. I suspect someone is playing with the share price.

Had a short chat with Michelle Epp at Atlanta this morning. She has just returned from holidays and is just getting up to speed. I asked her about what was happening with the prospects. She said that they were looking at making the Sumatran property the highest priority for several reasons. They have a sample from the property that has 52 oz/t which was picked up by the former land owners. I asked why the former owners would sell or give up this property. Her responce was that the former owner is an Austrailian company that has extensive holdings and they ran out of time to pursue development. They have other prospects that have a higher value then this property. The Sumatran property also has better access than the other high priority prospects. They could get drills on to the propertyy cheaper and faster.

She also seemed very upbeat about the new president. Said that his vision was to take this company and make it into a ligitimate mining company. She made the comment that if you sat down with the president for a half hour, you would be looking to buy more shares in the company.

Matt
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