ATLANTA GOLD CORP. (TSE:AAG) Message Board

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Gold/Mining/Energy : ATLANTA GOLD CORP. (TSE:AAG)

TWG 3.830

-0.8%

1:29 PM EST

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To: George Alazar who wrote (88)	12/13/1996 3:56:00 AM
From: Ronald P. Margraf Sr.	of 495

Good morning George, Well my understanding was that the NCO. stock would be around 1.20. Now of course that is based on the current stock price of VSY at the time the merger is complete. So right now it could possibley be higher. My understanding is that they are not going to drive the stock up at this time. They want an honest market evaluation at that time in which they will make their decission. The idea is to let the stock do its thing until time warrents for them to decide on what action will be taken. Atlanta is basically trading 1/2 of VSY and that is based on Atlanta having twice as many shares outstanding. Now as far as the property they have in Idaho, the 3 mil. in the ground, they are trying to assess the most feasible way of getting it out of the ground. The method they are looking out now is heap leaching and bacteria processing. So the work on the Idaho property is still on going. If you take the value of the gold reserves they have in Idaho and did some calculations you would find out that they are about 4.00 under value. 2.00 very conservatively. At this point Idaho is kind of on the back burner. I would say that taking all in consideration, you are looking at about all the downside you are going to see. It is ironic, the Penny Stock Guru is looking for VSY to see .50. I think that he has smoke in his eyes. I like him and what he does but I think he has called this one wrong. The only really smart one that I've seen is E.Carter and he isn't saying anything. I think that this one is going to get everyone caught with their pants down. I'm looking to expand my position as soon as I can cash out of a few plays that I have. I strongly beleive that anyone that has a 6000 share position in the new company will be looking at by June a value of 120,000 dollars Canandian. NOW that is only my humble opinion. We will have to wait and see just what developes over the next few weeks. I'll give it six before all hell breaks loose. I hope this has answered some of your questions. I'm off tomorrow and I am going to try to make contact with someone. Again if I get anything I post it here ASAP. May the stock gods be with us. Ron

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