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Gold/Mining/Energy : RED EMERALD RESOURCES

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To: Martin who wrote (537)7/15/1999 8:40:00 AM
From: hugh thorne  Read Replies (1) of 862
 
Finally decided to talk to IR. They were speaking of late summer roll out. They also mentioned that 5 top designers have been asked to produce pieces for the fall show. Apparently they are 5 world class award winning designers and were all very pleased to be asked. This sounds like it could be good. If people remember, a number of links to award winning pieces were posted here back around March.

According to the BLM, Neary responded to the info and all looks good; post the bond wait 30 days and voila, we have a large scale mine permit.

Just want to keep everyone informed of the developements, if SI doesn't do it, looks like no one else will!

Lastly, finally got confirmation that the massive Wilderness land reserve disputes going on between Utah, the Feds and enviromentalists do not include the mine area of the Wah Wah's. Most of you probably don't know what i am referring to, however it is a very serious political dispute that has been hot for some time. If you want the details, go to the February 8th issue of the Salt Lake City Tribune. They had a very scary article on the issue that i have been trying to resolve for 4 or 5 months.

As i just told someone else, you can now buy a share for about the price of a can of Coke - impressive. We are trading at about 60% OF BOOK VALUE, as i have said many times, i don't quite know how you achieve goals like that.

Anyway, IMO the stock is grossly undervalued and in fact the price doesn't even remotely reflect the current value. Buy the stock, curse at the mis-management of the share value and then shake their hands for allowing those who know to pick up more at a steal!!!!!!
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