Millstream Mines (MLSM) Message Board

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Gold/Mining/Energy : Millstream Mines (MLSM)

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To: RICK who wrote (480)	11/13/1999 7:35:00 PM
From: Brumell	Read Replies (1) of 664

It's nice to see MLSM showing life again, Rick, but the flim flam continues. Let's look at a few pesky details. Firstly let's check their second last NR dated Sept. 28th. What happened to HDG Potter Exploration Limited Partnership? That NR states the deal continues and MLSM will direct site activities. Any change there? Secondly, that NR reported finding a volcanic vent feeder lying between the "mine area and this Blue Sky target." That's a very big claim - why no follow-up? Now let's check out the latest NR announcing drilling of the easterly anomaly. Oops, now they report this was drilled in 1997 (hole 97-07 but no details given anywhere) and the hole was recently deepened. When was it deepened - this summer? - a few weeks ago perhaps? Remember those rumors of more drilling than reported? Unfortunately results were zip anyway but MLSM claim their consulting geologist Dave Gamble recommends "drill testing of this area/zone." Consequently, they will be drilling 75 meters east of the 1997 hole and are drilling to intercept the target much deeper. Here's hoping!!! There's another interesting note. On October 27th, we suddenly saw some volume in MLSM. A few days later I heard MLSM was resuming drilling. Reading posts here on S.I. it was apparent MLSM I.R. was saying nothing. What conclusions can be drawn? I don't think it ties in with reports on S.I. that MLSM insiders have been selling shares to raise funds for the company. Somehow I can't get misty-eyed - someone was grabbing 16 - 20 cent stock - on more information than MLSM I.R. was handing out. <ggg> The big question for threadsters is - can they pull one good hole somewhere and rekindle interest? They may be able to hype things more (they have some ability in that dept.) but it will take a good hole to go anywhere. From what little info they've released, prospects are not so hot. Some ask, "do they know more than they are saying?" Perhaps, but does it matter - just the idea is enough to fuel hype anyway. FWIW and IMHO this could be a low-level flight. Might be wise to keep your finger near the eject button after take-off. Regards, Bob

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