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Gold/Mining/Energy : Pallaum Minerals (ASE:PLM)

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To: Peter Neidhardt who wrote (319)2/17/1998 9:03:00 PM
From: Buckey   of 536
 
Cash position is not large To the best of my knowledge - they just realeased the numbers a few weeks ago. Short term there is potential but it is already up over 40% since Jan 1. was about $.51 - now $.75.

Longer term - 1 -2 years has massive potential. Short term I am banking on News of a jv with the DML/TEK on the AD II property in SVB. I have no info. This property is right smack in the middle and I have increased my PLM holdings on a guess that within the next 7 calender days that some sort of drilling announcement for this property will be made.

I have no inside info and I own less than $10k of this stock so I am by no means a big player.
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