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Gold/Mining/Energy : Starpoint Gold
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To: Stan Treacher who wrote (1159)4/11/1997 9:47:00 PM
From: Chad Beemer   of 2378
 
Dan,

You might say at this point in time Dan we are stuck with STS. We have
to hope that they can regroup. Keep in mind that with 12 million shares fully diluted that it will take time for them to raise capital
and to create share value. I hope they can get a fair price out of
Riverstone but they have to hope to get a fair amount so they can use
this money to buy properties in Uganda. The thing I worry about is do they have the ability to raise capital after the embarrassment of failing to raise funds for Yetwene. My mistake about this company was
that I didn't pay attention to the technicals which would have gotten
me out long ago with minor losses. I made the mistake of falling in
love with STS and I'm paying the price along with many of my friends
and family members.

Chad Beemer
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