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Gold/Mining/Energy : Coleville Resources - CLL

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To: Andrew Patterson who wrote (1206)3/15/1997 1:37:00 PM
From: Qatar   of 3058
 
Hey Andrew

Just a short note from some serious investors in the Middle East, we
do use our heads. It's about time that you pull yours out of the sand, it
must be pretty deep by some of the comments you made.

This is no promomotional play:

1. The best vote of confidence that all of us share holders in CLL got
was when Antares JV was finally signed. ANZ performed a very thorogh
technical due diligence (their own surface sampling, and reviewing of
exploration todate). ANZ would not have invested $5M into this property
if they didn't think that there was a high likelyhood of an economical
find.

2. CLL has had approximately 15 news releases in the past six months
of which 6-7 were related to their properties. IMO their releases have
been extremely conservative, and no promotion whatsoever.

3. If you are a CLL shareholder, I would highly recommend you pick up
the phone and talk to Peter Perry, or Gerry Belanger, or E-mail which
works good for me. These guys will talk to you and/or return your e-mail.

Don't be so quick to start falsly accuse a public company of criminal
activity without doing your homework first.

This is a highly speculative stock, it's price will go up and down like
a toilet seat. As per John's post (1207) the recent slide IMO, those
without the nerves, or are getting impatient are the one selling out.

The next two months will tell the tale, until the drilling results are
released the stock price is going to remain pretty sloppy. In the long
term this stock has significant potential.

Nolan MacKay
From the Middle East

Lets hope CLL pans out.
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