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Gold/Mining/Energy : Donnybrook Resources (DNY:VSE)

ZIP 4.650

+3.3%

Oct 31 9:30 AM EST

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To: Naibob who wrote (10)	10/31/1997 11:51:00 PM
From: burner	Read Replies (3) of 49

Richard, Wats, The company is close to a decision on a North American property. My guess is that this is the reason behind the activity today. Expect ann announcement in the next two weeks. The Seriousness Bond money amounts to $175,000 which will be used on the new property and a financing probably will also be neccessary. they hope to finance at a higher price. The company will self promote as they do not like the "Hype of Howe Street". They still retain property in Quebec and Labrador (Cabot Lake) but feel that any further work on those properties will have to be done when they have the luxury of available money. They are not going to abandon those properties but they will not focus on them as there is alot of work to do on them. I presume the property they ultimately choose will be one they consider attractive and easier to work. Hoping for a miracle, Dan Byrne

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