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Gold/Mining/Energy : Laverton Gold VSE:LAV

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To: Morgan R. Naidoo who wrote (8)1/8/1997 12:13:00 AM
From: burner   of 45
 
Hi Morgan,
I think it is the conservative nature of the company, the unfavourable gold price climate and tha amount of shares outstanding that are all affecting lack of price movement. Laverton is now a gold producer and all the producers are taking a hit right now.
I was glad to see the hedging strategy in play by the company. Sounds like management is on top of things. I wouldn't mind seeing a share consolidation for LAV. I would think it would make the stock look more attractive especially if they intend to list on the TSE.
As far as further accumulation, I would suggest you find out more about the company thru Martyn, Element and Co. Their phone is 800-505-5655, ask for Robert Mathews.
I have far less shares than you have which I purchased at .60 I am getting impatient wating for something to happen on this one as even good news seems to have little impact on the stock price.
Dan
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