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Gold/Mining/Energy : Starpoint Gold

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To: john mcknight who wrote (1483)	5/23/1997 2:10:00 PM
From: Chad Beemer	of 2378

John, STS probably lost the money that they paid Gexpo however they had paid I believe around 1.4 million for both Riverstone and Yetwene combined. I am thankful that they still have Riverstone. Obviously we have around 9 million shares out and another 2.7 in this last pp. I am as dissappointed as you are about what has happened but if Riverstone has what they think it has then we can still create excellent value in Riverstone alone. Harry has contacts in Angola and I think can get more good properties in Angola so all is not lost. Chad Beemer

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