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Gold/Mining/Energy : Mandorin Goldfields MGD.V

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To: JED who wrote ()9/19/1996 7:27:00 PM
From: Bob Walsh   of 633
 
Hi Julie and all. Looks like all of the plays in Indonesia got knocked down today due to the Post article:
Thursday, September 19, 1996

Indonesia gold miners stuck in
regulatory limbo

By PETER KENNEDY
Mining Reporter The Financial Post
Investors who paid up to $11.25 for shares of Borneo Gold Corp. were
left stranded yesterday as regulators continued to cast a wary eye on junior
miners seeking gold in Indonesia.
News that the Vancouver Stock Exchange will keep Borneo shares halted
pending further results was followed by trading halts on two Toronto-listed
Indonesian explorers, Atlanta Gold Corp. and Voisey Bay Resources Inc.
The VSE is continuing its probe of Borneo after the stock soared on
bullish estimates based on eyeball inspections of samples from its Bunut
gold concession in West Borneo. Before the VSE intervened Monday, the
stock (BNO/VSE) had shot to $11.25 from $2.55 Friday.
A senior VSE official said the exchange wants to know if there is any
connection between Borneo and former Ontario stockbroker Wayne Wile.

______________________________________________________

I also just heard that Mandorin will be one of the stocks selected to trade between 9:30PM and 11:30PM weekdays.

Regards, Bob
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