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Gold/Mining/Energy : Montello Resources

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To: Martin Wormser who wrote (3671)	10/24/1999 1:43:00 PM
From: JP	of 4256

Their offices are quite nice -reasonable nice - right in the core. I do work for BC Gas which is just around the corner so I have dropped in to check it out in the past. It is certainly not in the 'boiler room'. Montello has dropped -as has all the mining outfits. Can you give a few cases of where they have 'Pumped and Dumped' in the past? I know of numerous cases of where they have been on the verge of something good but luck didn't smile on them -but I don't think those fall into the pump and dump category do they? Pump and dump requires a series of news releases and hype with the bigger players cashing out when they know the news has run dry for awhile -sometimes they ever use these threads for the pumping as well. I have not seen MEO do this. I watched another Alberta Mining company do this a couple of weeks back. Right now the only work that Kennecott is doing -is in concert with MEO. They have some very good properties scattered about but they are waiting for something real to base a push in the market. A good example is all their claims around the Birch Mountain -Athabasca claim area. Meo has never even officially anounced them since they don't feel it is reasonable to tout the company based on the neighbours potential- they will wait for Birch Mountain to actually find something concrete. Net-locate is moving along -as they have stated in the past. Alberta is rather dead at the moment. You can cry about the general state of the mining market -but can you list what you feel that MEO should have done differently over the last couple of years? The private placement that just closed has warrents at 17 cents and shares at 15 cents -they were over subscribed. For these guys to make money -the stock has to go to at least 25 cents and stay their for awhile. Now is a great time to buy at 14 cents. -Kennecott has samples in the lab, Net-locate is moving along, Birch mountain and Buffalo Diamonds are both looking good. As far as Ned -maybe if we throw a stick he might chase it and go away. JP

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