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Gold/Mining/Energy : KRL Resources (KRL:VSE)

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To: SCRIBEALIVE who wrote (57)9/24/1997 3:01:00 AM
From: SCRIBEALIVE   of 159
 
Read the annual report, quartery, etc...

I am starting to like this deal again.

CDS and Co owns 81% of KRL. The public float is less than
3 million and Tandem and the President earn the same salaries.
of $4,000 per mos.

And their becoming more focused on isolating which properties to spend some money on. They sure have shared it around in the past. Here ther and everywhere. However, I think management has been quite busy developing a good portfolio of mineral properties.

But where is the beef? Progress on any one property is limited - too damn grassrooty for me.

We need a $400,000+ cash injection and a power play program and we will make some dough.

If they can pull it together in the next 2-3 weeks we might get some drilling joy; otherwise we are looking at early Spring 98' and the deep freeze and maybe one last blip up pending some drilling
results that should have been released by now. Bonne chance!

Glad I got this stock in our RRSP's - it may be a sleeper but a good double/triple potential from here within a year.

Keeping the faith
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