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Gold/Mining/Energy : JAVA GOLD
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To: Bobby Yellin who started this subject9/2/2000 2:59:23 PM
From: robingrayson   of 121
 
DATTELS & BURTON ISSUED FALSE PRESS RELEASE
The JVAG Report criticises Stephen Dattels (JVAG Chairman) and William Burton (JVAG President)for issuing a statement on 9th June 1997 on behalf of Java Gold Corporation:

"The Company's two gold production plants have arrived at the Gazar property in the Zaamar Valley in Mongolia. Commissioning of the plants began on 25th May 1997 and full production is now being achieved".

The JVAG Report comments that while it is correct that two gold prodction plants arrived at the Gazar property, only ONE of the plants was every commissioned (a plant with 4 Knelson concentrators). The JVAG Report contains a wealth of evidence that the other plant (with an IHC Jig) was NOT commissioned but left in a corner of the mine site, no attempt was made to use it and later in the season it was returned to Ulaanbaatar still unused and not commissioned.

The JVAG Report also contains a News Release issued on 28th April 1997, again by Stephen Dattels and William Burton, on behalf of Java Gold Corporation:

""...will operate two plants on these dry alluvials beginning in May with a planned output of 12,000 ounces in 1997."

The JVAG Report claims that investors were seriously misled by the claim on 28th April 1997 that an output of 12,000 ounces was planned requiring TWO plants, but shortly afterwards the management concealed that actually only ONE plant was operational, and lied on 25th May 1997 that TWO plants were being commissioned and that full production was now being achieved.

Anyone that took an investment decision regarding JVAG stock at this time may have a claim.

Robin Grayson
General Director of Eco-Minex International
Author of The JVAG Report
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