Indochina Goldfields ltd Message Board

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Gold/Mining/Energy : Indochina Goldfields ltd

ING 24.92

-2.2%

Oct 31 3:59 PM EST

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To: ForYourEyesOnly who wrote (102)	6/16/1999 6:20:00 PM
From: NPValue	Read Replies (1) of 109

Near-term price of the stock Will the stock drift lower again? Hard to say. I spoke with IR the other day, and they said the Sekatak, Jelai Mewet, and the Thailand prospects are still one to two months away from them putting out a formal news release. With regards to Sekatak, they are having core samples tested independently, and they would like to have a decent estimate of reserves instead of just putting out news on sample results. They realize that the market is yawning at Monywa, despite it having 9.6 billion pounds of mineable reserves which can be produced at an operating cost of $0.38 per pound. They know they need the Thai prospects and Sekatak to be significant discoveries before the stock can move back up again. I'll be interested to see what the stock does after today's shareholder meeting in Vancouver.

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