Goldminco Consolidated Mining Corp. GMC (was GMO) Message Board

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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)

GMO 0.0121

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Jan 21 4:00 PM EST

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To: Daytek77 who wrote (337)	4/11/1997 6:20:00 PM
From: Harold W. Davis	of 588

GMO Followers...... I telephoned GMO in Australia and spoke with Peter Tambanis, the president. He is not a geologist, in fact he appears to have only a basic understanding of the property's geology. I am not a geologist myself, I'm lacking in this area, but I do know enough to bet by. Personally, I don't understand why managment are concerned with a "Dyke" more than 200 metres below the surface when they have such excellent pitting numbers on surface. Perhaps one of you could offer additional detail on this issue. Am I missing something here? Are their any known gold deposits nearby? Has this property been worked before (I hear that there is an old adit on the property)? In general is the property's rock type known to host gold mineralization in the region? Have there been any low grade pits completed which were not reported? Has there been any pitting or trenching done between the reported pits? How did they choose the location for each of the pits? What sampling methodology was used in the pits? How wide is this zone, and how long? Could this be an Arequipa style deposit? I remember when GMO rallied over $2.00 there were some huge blocks of stock hitting the market, then the insider trading report was released and the President reported sales of a LARGE portion of his stock. He did invest some of the money back into the company at .75 but in my opinion he was a very aggressive seller for someone who should be a believer. Just so you know, I own 10,000 shares of this company, at prices averging 1.50. I've been a follower of this thread for several weeks, and personally I think it would be great if we all worked together and tried to learn more about this company, their property and the management. Perhaps we will all benefit as a result of a collective due diligence effort. If the story holds up we can all average down when the price is depressed or dump the thing if it is warranted. I think we should all make a conscious effort to improve the information (if possible) on this thread. I will certainly add my two cents worth when I think it will benefit. Sincerely, Davis

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