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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation
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To: Richard Mazzarella who wrote (1001)8/29/1999 9:26:00 PM
From: Tim Hall  Read Replies (2) of 2392
 
Richard,

<< Some of what you report fits into a nasty speculation >>

I came up with this nasty speculation myself Friday evening. With all of the bashing I just wasn't sure what to do. (I had to get up early Sat. and go to El Paso)

A liitle bell went off and this is what was going through my mind. Blackburn is the main man for both SMM and WV. Why the deal with SMM and no mention of WV in the press release. Why no public mention by OREX of the aquisition terms. Then it struck me. Orex doesn't really need WV. However, without SMM, they are nothing. No gold mine, no test, nothing.

I went back and found where Gary had posted that Orex would give 5 million shares for each. I am not sure but the stock value then was $3.00. Now starts the what if:

Safe Harbor interruption. The following is pure specualtion and I have no information to prove or disprove otherwise!!!!!!!!

Blackburn approaches Orex and says my gold property is worth $15 million. Without it you have nothing. Lets forget World Vanadium for the time being, I want XXX shares of stock for SMM. You don't have to issue those shares until ???? What can OREX do? The company doens't tell how many they paid nor do they mention them in their update after the deal is done.

If I had figured this out earlier on Friday, I doubt I would be a share holder now. I just hope Gary can get this baby back up so I can get my money out of it before I go to Armenia. VBSG (Very Big Sickly Grin)

Tim
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