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Gold/Mining/Energy : Golden Arch Resources---GAI.V
GAI 8.8000.0%Mar 22 5:00 PM EST

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To: Hugh Smith who wrote (72)4/11/1997 11:26:00 PM
From: JR.   of 359
 
Hugh

Had a talk with the company this afternoon. It seems that in fact someone had a margin call and sold at the market. The lucky person that picked some shares up under 35 cents must be all smiles. I will have my bid in for more shares on Monday.The company is solid and expects to begin drilling as forecast in May. The rig is booked and the last bit of paperwork is almost complete. This one is going to do very well.
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