American Resources of Deleware (GASS) Message Board

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Gold/Mining/Energy : American Resources of Deleware (GASS)

GASS 8.095

+0.3%

1:05 PM EST

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To: tony mendoza who wrote (82)	5/20/1997 7:51:00 PM
From: Ed Ajootian	of 172

Tony, I read the 10QSB and reached the same conclusions. But the schedule showing their cash budget for the rest of the year had one disheartening thing in it. They are only going to spend something like $1.3 million in exploration & development work for the rest of the year. This will make it hard for the company to continue growing. The fact that the stock has not rebounded even though there was no bad news in the 10QSB has me concerned that some relatively recent negative event has occurred, say right after the insiders did their buying, but too late to have to get written up in the 10QSB. That would seem to be the best explanation for this continued downdraft. Maybe I'm just being paranoid and this thing will wake back up soon.

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