Woody:
On a more positive note than the monkeys exiting my butt we got some more good news today. It appears that RSR believes that the VSE should be reopening RSR anytime but I think that was also the thought after the last release but it remained suspended. I do not think it will be a big confidence builder if we keep getting led to believe it is going to reopen and it does not. Only time will tell I guess.
Forgive my monkey discussion but yesterday was a nasty day for some of my stocks as I indicated. This stock will hopefully be a pleasant surprise when it reopens--this announcement makes it sound imminent which is encouraging but I don't think anyone anticipated we would be "hanging out" this long. One real positive aspect I think is that it is really not the property/samples/results or hence the value of the company that is in question as a result of this halt. This sets the company apart from others like Timbuktu, Cartaway, and now BREX (which will likely have some gold anyway). I simply think the VSE disagreed with someone inside and now that that someone is on the outside the company will continue with business and really a big drop in value would not be warranted as a result of reasons known to us. That person previously on the inside was surely not the reason so many people were buying this stock--it was because of what people believe they have and that remains--the real investors here know that and that has not changed.
Anyhow here is the release for those who did not see. Only seems to be good stuff.
FOR FURTHER INFORMATION PLEASE CONTACT:
Riosun Resources Corporation
P. Charles Cochrane
President, CEO, Director
(403) 266-3644
(403) 266-3648 (FAX)
THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT
ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENTS OF
THIS NEWS RELEASE
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: RIOSUN RESOURCES CORPORATION
VSE;NASDAQ SYMBOL: RSR;RRSCF
APRIL 9, 1997
Riosun Company Update
CALGARY, ALBERTA--The company is pleased to advise the return of
the corporation geologist from Madagascar, Mr. G. Lloyd, P.Eng.,
P.Geol., who has completed the testing and sampling of the company
prospect properties.
Test kits and samples have arrived under secure, sealed containers
directly to the company's assigned laboratory, Loring Labs, for
completion of thorough and comprehensive analysis.
The conclusion of formal reports and laboratory results are
anticipated April 15th to enable conclusion by the company of
property acquisitions under negotiations.
Formal announcements by the Vancouver Stock Exchange is
anticipated shortly following conclusion of their report and
investigation.
The company is continuing its pursuit towards securing mining
opportunities and will be announcing their conclusions in a timely
fashion.
The company has cooperated freely with the investigation and
shares identical objectives with the Vancouver Stock Exchange on
insuring the best interests of the shareholders are upheld for the
future.
The company thanks you for your continued support and further news
will be released as it becomes available.
Your comments Woody?
Rob |
