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Gold/Mining/Energy : Argosy Mining

AGO 85.82

+0.2%

3:59 PM EST

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To: Eric Rojas who wrote (37)	11/9/1996 4:19:00 PM
From: Marc L. Greenberg	of 165

Thanks for the update, Eric. I think Kevin Smith is right about AGO in the long term, as it is on the site of an already-known deposit; also, the geology in the Central European area suggests that this is a hot spot for Au and Ag. I was not very happy when Smith put out a strong buy signal last spring, saying something to the the effect that one should buy at the $2.90 level before it's too late and the price goes higher. Then the stock promptly went into a long slumber and eventually dropped down to something like $1.30. He should have known enough about their exploration schedule, in light of the "research paper" he produced, to see that the results were a long way off (i.e., just starting to trickle in now) and the price was ahead of itself. Now that I've gotten that off my chest, I'm happy to see AGO going up, too. I hope it'll go well above my break-even point of $3.00 some time in the near future! Marc

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