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Gold/Mining/Energy : RIOSUN--TRIPLED SINCE DEC 1st
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To: Alan Lim who wrote ()7/23/1997 3:55:00 PM
From: Jeff Hackett   of 208
 
I think now we'll just have to be patient. Although you might be hurting, you still have to understand that the "unacceptable persons" are probably smarting too about their ejection from the Company and the present share price may have a lot to do with their direct or indirect manipulations - easy to do (from a financial perspective)when it's languishing at the present levels. I have talked to representatives at the Company and there are no changes in the fundamentals that have been stated before. I think it's rather harsh to label them "unreliable", after all, bringing-in another potentially large deal (with the PRC) so soon sounds like it could add a lot of value for share-holder in the end and I'm sure the VSE vetted all that information. In reality, profiting in pre-production mining stocks can be upto a 3 year process but the pay-off can be way bigger in the end. That's why we're into this forum isn't it? They're all somewhat speculative but if you want to reap such benefits then you have to become a 'real' investor in the Company. I'm sure the "unacceptable people" will try almost anything to reacquire an indirect controlling interest in the Company and this, I'm sure, will include driving the share price down to cause as many of us as possible to dump our stock. Ask yourself if you see any reason why the valuation shoud be as low as it is. Enough verified sampling has been done to justify putting an emerald mine into production and to justify undertaking core-sampling on some promising properties. Without the other potential of the China deal that still looks pretty good to me so I'm going to "hang-in". In the meantime if you have a better way for me to retire then let me know.
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