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Gold/Mining/Energy : Major General Resources Limited
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To: Steven Fischer who wrote (110)7/25/1997 11:41:00 PM
From: sana   of 123
 
I finally got tired and sold my 14,000 shares for .41....purchase
price 1.20 ouch...but I made good money on others so I can use
the write off. Background (who cares) I bought MGJ because it was
on BB's best buy list...everyone can make a mistake. You can hang
on to some of these Jr's hoping they'll hit, in the mean time alot
of other things can happen. Example: with some of the Major General
money I added to my Conquistador holdings on July 9th (2000 shares at
1.25) today it closed at 2.19 and has a very bright future. Someday
MGJ may hit it (if they survive).But what other opportunities have
you missed in the mean time.
I still get their infrequent faxes and IMHO there's not much to
cheer about. I don't know what their cash position is, don't know
their burn rate, I do know they gave up on the diamond exploration.
They tried to put a positive spin on it but they BAILED.
I'm sure there is someone out there who still owns the stock, has
more knowledge than I. They may know of some great things coming
up (the market certainly doesn't know about it). so for the benefit
of the current stockholders I would encourage them to post.

I'm not in the business of giving stock advice, all I can say is
I have no regrets selling MGJ and buying more of CQL.
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