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Gold/Mining/Energy : International Panorama

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To: John Antoniou who wrote (92)3/28/1997 10:04:00 AM
From: Chaz   of 264
 
John

I agree with you that it's going to be difficult to get financing, but not because of the numbers, but really because of the garbage that companies like Bre-X, Cartaway, Timbuktu, etc have done to shake the confidence of investors in Junior mining stocks. The one thing that we can be thankful for, is that ILP is using a very reputable firm that is docuementing everything. Furthermore, everyone knows that Zaire has the "GOODS", our problem is that there's still blood in the streets, and that is never a comfortable place to be for venture capitalists.

An aside, has everyone seen the article in TIME magazine. It's in their March 24/97 issue. It is quite possitive on Kabila and on Zaire in general.

Happy Easter to everyone

Chaz
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