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Gold/Mining/Energy : Laverton Gold VSE:LAV

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To: Morgan R. Naidoo who wrote (2)11/25/1996 11:09:00 PM
From: burner   of 45
 
Morgan,
Sorry for the late reply. The report mentioned here is a condensation from the news release posted at the beginning of this thread.
Nesbitt Burns saw fit to include it in their "news". I was pleased to see it there as LAV is not your typical newsmaker. I like the company even though it has 100 million shares. They have been in Indonesia for a while, have expansive unexplored property yet, are PRODUCING, and because of their established position have approved COWs and NO Indonesian partner.
The Aussies seem a bit low key and any news is factual and unpromoted. In fact their sponsoring investment firm is trying to get them to understand that hyping a stock on the VSE is normal!
I bought in at .60 and saw it abruptly drop to its current level. It did rally after a positive report in "Buy Low Sell High" and indicated to me that it has the ability to be relatively volatile under the right conditions.
If, or rather when, gold ramps back up this may do quite nicely.
Dan Byrne
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