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Gold/Mining/Energy : Borneo Gold (VSE:BNO)

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To: DanL. who wrote (140)4/14/1997 2:49:00 AM
From: pjd22   of 233
 
Dan,

Don't listen to Rojas' suggestion to dump BNO. As far as can tell, that was his first posting re: BNO. Is he basing his recommendation on anything specific or on generalities regarding his impression of the Indo Jr. plays given the Bre-X influence? I will be posting some solid information on the company and why I think you should hold on for now in the not too distant future. I am waiting for some additional facts.

In the meantime, I feel the stock should be trading in the 5-6 dollar range and will do so once the dust settles on the Bre-X front whichevr way it goes. Unfortunately it keeps getting sucked down when Bre-X goes down and usually by around the same $ amount but when Bre-X rebounds there is not enough activity on BNO, as with other solid stocks in the area, to bring it back up. Nervous investors sell off and the new lower price becomes the base from which we will be working from until management sees fit to continue with their strtegy.

Be patient and don't make rash decisions based on this mess we are in. Make your decisions based on the merits of each company. Your research and efforts will pay off.

Regards,

Peter
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