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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: tom shelby who wrote (4622)7/30/1999 11:51:00 AM
From: Gabe Heti  Read Replies (3) of 4718
 
I went to the Annual Meeting yesterday. I think I was one of two or three shareholders there, along with a dozen officers, directors, lawyers, accountants, etc. Pretty smooth sailing, with all resolutions passing. Nothing not already in the annual report or recent news releases was revealed. I was impressed by Tony de Werth, the new Chairman and CEO. He has a solid background in the investment community and will no doubt run a tight ship.

They are taking a new tack, looking for low cost exploration opportunities, concentrating on alluvial diamonds in South Africa and the stock advisory service mentioned in a recent news release. The plan is to explore the possibility of putting the advisory service on the internet. They want to be financially self-sufficient in the short term so that further dilution should not be required.

De Werth is taking no salary and looking to be rewarded as we are from increased share values.

They appear to have a solid strategic plan and trust that they will carry it out. I too am thinking of averaging down at this price. I expect to see positive developments in the coming months.

Gabe
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