Kalimantan Gold (V.KLG.U) Message Board

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Gold/Mining/Energy : Kalimantan Gold (V.KLG.U)

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To: Kenith Lee who wrote (19)	3/16/1997 3:10:00 PM
From: fishweed	of 43

Kenneth: KLG.U went public in Oct of last year which is right around the time Bre-x started having all their problems. They never really started a promotional campaign which IMO would have been fighting an uphill battle, what with all the uncertainty surrounding Bre-x, like Many other's in Indonesia they chose to wait it out. Consider the company's present status; (1)They are in the drilling stage of exploration, not trenching or grab sampling. (2)They have over $2,000,000 in the treasury, they are not in want of money.(3)Their property is among the best in Indonesia, their gelogist is convinced of it, and they are right next to South Pacific in the area where they made their recent strike.(4) They are presently sitting on a portion of last year's drill results waiting for their COW's to get signed. Their COW's are among the 70 that have been approved and are awaiting Suharto's signature. IMO It's presently a thin trader simply because they don't want or need the attention. Once Bre-x is out of the way you can rest assured you will see brokers and analyst begin to recommend this company and it will have nowhere to go but up. Nicolas

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