Ballad Ent.;BDC.Vancouver Message Board

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Gold/Mining/Energy : Ballad Ent.;BDC.Vancouver

BDC 118.37

-0.1%

Dec 26 9:30 AM EST

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To: Mark K. who wrote (34)	3/24/1997 4:50:00 PM
From: arizona_ice_tea	of 107

This is another advice ... I am sorry that I wasn't able to give you a concrete idea at that time. I just had a tip from a friend of a friend ... But this has changed now. I was looking at the website of Ballad very carefully and I even was able to speak with Roger Kelly a guy at Ballad. Right now things moving along very nice and I think the latest acquisition of the TVX propreties is a major milestone for Ballad. Ballad is working on all the properties now. They also took over the offices of TVX in Peru. Sometimes soon we might see the first exploration results. In my opinion a positive result could start a little firework in the stock price. When I think about the curret stock price I just can think about one word: undervalued. The reason for my belief is the latest acquistion of the TVX properties: "Under the terms of the preliminary agreement by which Ballad will acquire all of the issued and outstanding shares of TVX Peru, Ballad will be required to issue 300'000 common shares from treasury to TVX at a deemed price calculated as the greater of US$7.00(approx.C$9.50) per share or the market price of Ballad's shares on the day of closing." Think about it again! Good luck Michael

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