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Gold/Mining/Energy : Solv Ex (SOLVD)
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To: mqmsi who wrote (5902)8/5/1998 9:06:00 PM
From: Gary L Schultz   of 6735
 
Mq,

I don't remember Paul Richards ever praising me for seeing what to me was painfully obvious. And no, I haven't issued similar warnings to Shell and Mobil. I have never said, or thought privately, that oil couldn't be extracted from tar sands, it would be ludicrous for anyone to suggest that. Shell and Mobil are well enough capitalized, and I suspect that they intend to use close to conventional means to extract their oil. This is in sharp contrast to SOLV IMO. Shell and Mobil aren't making wild claims about gold/silver/TiO2/alumina as being by products of their endeavors. If SOLV would have postured themselves likewise, the story might have turned out differently.

There are those who believe that the SOLV process works and they have their right to believe so and to invest their money in it if they wish. However, it is a fact that the SOLV process failed miserably in that they spent 15 million dollars (using their process) and only produced 500 barrels of sub-grade bitumen. If the process works then why the miserable showing? Some will say that the company was under-capitalized and the victim of a short seller conspiracy. I believe that the who operation (and I honestly believe this) was a stage set to defraud their investors. This is my opinion.

Regards,

Gary
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