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Gold/Mining/Energy : Millstream Mines (MLSM)
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To: RICK who wrote (542)12/8/1999 6:54:00 PM
From: Morag  Read Replies (1) of 664
 
Rick:

I have been having server problems and didn't get the pr yet - but I did speak to IR in Toronto FWIW - Ernie is at the Montana property this week, and according to staff is in constant contact. So maybe he thinks it is business as usual and there is nothing to be concerned about.

The spin they are trying to put on new directors is that they have extensive experience in raising $.

I clarified that MLSM is on the hook financially for current round of drilling - their take is that HDG has to year end to cough up money and if they don't are confident enough in expected results to figure they will get the money back.

On the NR stuff - my expectation was always that we would here something before Christmas on the drill results - I never expected anything this week - too optimistic a time frame as far as I was concerned.They still expect something good - although they have no idea how the market will react, nor does staff know what those results might be - they are being kept under wraps.

MLSM is feeling the heat with investor calls - IR appeared to be pretty exasperated. No explanation for the dump today.

Final position - will hear something of substance before Christmas..... their reputation is taking a serious pounding and they are not very happy about it.

Yawn...........
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