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Gold/Mining/Energy : Starpoint Gold

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To: Donald McRobb who wrote (1151)	4/11/1997 6:52:00 PM
From: Michael Renbarger	of 2378

Greetings, What really kills me in all of this (besides the $$$$) is that the diamonds ARE THERE! STS had proven reserves ready for production. How many VSE paper plays get placement after placement, people throwing money at 'em so that they can drill some holes and come up empty. Yet STS can't find anyone acceptable to the VSE to finance what had the makings of a sure thing. Now that really stinks. The diamonds are still there, but we don't own them anymore. Maybe that's why the "Old Boys" on the VSE took such vengence on an upstart company, because STS had the goods from the start. Maybe we should get plane tickets to Angola and dig up our losses before they sell Riverstone. One thing positive for STS management, is that they did not flood the market with paper, still only 6 million shares out. Maybe they can salvage something out of all of this, IF they can ever get financing through the VSE for other projects. Mike R.

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