ETC Industries <EIL-V > - Gold - Peru Message Board

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Gold/Mining/Energy : ETC Industries - Gold - Peru

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To: pete meyer who wrote (161)	8/30/1997 10:18:00 AM
From: Sergio R. Mejia	of 244

Hi Pete: I got e-mail reply from them last week. They excpect to finish some legal arrangement next week, and then they will have a news realease. My feeling is that they will have a JV for some propeties in Peru (QTR has still several to explore). They also tell me that they are studying my invitation to participate in this thread (cost and regulatory aspects). Last time I talked to them they told me that "shareholders will be very very please with the new developments. Insiders are not selling". So far, till this week, there has not been any inside trading for EIL. Anyway, they should be buying at this time (low price) if there will be positive development. My feeling is that EIL does not have down side because it is at pre-Mata Mata prices. Top Cat and SteveH seem to be waiting for news. Cussy might have moved to other stocks, I believe. I am also waiting for news. That is all I know at this time. Regards, Sergio

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