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Gold/Mining/Energy : Paramount Ventures & Finance

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To: Mr. Oil who wrote (3375)11/10/1999 10:11:00 AM
From: Yorikke  Read Replies (1) of 4884
 
"The chances of success are still as high as they always were"

And given that this is a junior mining company...and that they have blown it on about 10 occasions.....I guesss you could say the chances of failure are as high also.....Gee? now which chance has the higher weighting?

Optimism? I ain't buying. and I ain't selling. I know what this latest stuff is about. I'm not impressed until they come out with a release that says we have 'X K of diamonds grading at an average of $$$, per carot.' When that happens we move.

All the rest is just fluff. The stock(s) will drop by the new year if they do not come out and say that. There are to many short term winners, and a tidal wave of long term losers not to have a profit taking and tax-loss sell off if the news is not real. If these sell-offs happen at the same time we are going to see the .30's again.

How long till we see a private placement? Where is the money to do all of this? You think Paramax has funds from the oil? A trickle. So what is paramax going to use? And Paramount? Another Property?? Fine but what happens to all the others? How much can you place on hold?

Finally. We were shut down in Brazil. We have little likelihood of doing anything on the Rio de Sono for months. What is to say this will not happen to us in another place, the new place? Was this the Brazilian Government or Debeers showing its power.

With all due respect....I've seen grab sample copper that was incredible...from a property that we have given up. We may well see a small bag of diamonds one day from a property we can never mine.

Its time for the Release that says we have something. Until then its all very precarious, a house of cards that Paul builds and rebuilds so we can ohhhh and ahhhh over the future.
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