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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)
GMO 0.01210.0%Jan 21 4:00 PM EST

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To: floj who wrote (305)3/26/1997 4:45:00 PM
From: Don Turner   of 588
 
Tried to buy some more GMO today, haven't heard
from my broker yet.

BRE-X has caused this fiasco, and may do so
tomorrow! Their shares didn't trade and margin
calls were out ad people were selling what they had
to cover. Dumping anything they had if they
couldn't come up with cash!

Will BRE-X trade tomorrow? Don't know. This could
go on for several days/weeks!

A third party is drilling more holes at Busang to
check the validity of reserve claims. Resultsare
three-four weeks away!

Another AQP? On a much larger scale? WOW! This
could kill the goose! Let's hope not.

Still, there will be more margin induced selling,
for how long I can't say. Let's hope we are over
the top on the forced selling!

Good luck/

Don
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