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Gold/Mining/Energy : Goldnev Resources (V.GNZ)
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To: Steve Fitzpatrick who wrote (28)4/9/1997 11:32:00 AM
From: Maurice Fougere   of 47
 
Two ways to look at it.. hold for another project and buy on weakness or bail and get into something else. GNZ was over 2.00 in 95 slid in 96 waiting for the crooks of indo to sign the COW and show everyone who is boss and now down to .26 bid .25 ask .28. that is some weakness . Goldnev will need a new project or that the gold is there and there COW is signed sealed and protected!! As I have said and will say again BRE-X will never mine the busang deposit. Many companies are in the same boat and with many holding property in Indonasia (the land of crooks) they have choose to move on. The word is Mexico and south America. There is one company buying property (as we speak) in Mexico who have all there property in Indonasia and are bailing out. I follow and have been with Gitennes in Peru. FGX.V with QTR.T and AAS.V and VIN.V at one play in Mexico and Golden Hemlock GHE.V at the San Jose de Gracia gold property in the Sinaloa state Mexico. News release out today for GHE with approximately 600,000 oz/ton with less than a quarter of property drilled. Stock was at 2.60 before BRE-X down to 1.23 yesterday up to 1.35 today. Check out GHE site as well as AAS. Still like the GNZ but no news is one thing but bad news is no fun. I own GIT,AAS and GHE. Good luck in your trades!

Mo
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