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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 (307)3/27/1997 1:36:00 AM
From: Don Turner   of 588
 
My belief is that Busang will still host a large
gold mine.

Getting through the next few days and/or weeks
should be interesting!

I can't blieve that all the gold they reported was
faked! This is very hard to imagine and how yhey
could have done it is anybodys guess. I have to
believe that there will be millions of ounces in
the ground and a mine will be developed.

The nonsense about 100 million-200 million ounces
will not stand up. But I firmly believe that 20-40
million is likely!

If it is a total fraud! Watch out! Perhaps the
worst has been done to other juniors however.

Francisco Gold FGX.V has just done a financing at
29.5 million and I believe GMO has more than
sufficient funding. These and other juniors should
be okay.

I did pick uo 4000 more GMO on Wednesday and if it
sinks lower or stays in this range, I'll pick up
another 2000-4000.

Margin calls are the biggest problem now, followed
by the funds. Will the funds stay the course or
stupidly panic?

Let's hope they hang in!

Don
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