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Gold/Mining/Energy : Macdonald Mines

MMP 69.00

0.0%

Sep 25 5:00 PM EST

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To: Jim Woodman who wrote (82)	4/19/1997 2:54:00 PM
From: Rob	of 135

Hey Jim, Its been a while! I've sold out completely and even if MMP.A comes back a bit I think that there are much better buys right now. I heard that the company is in dire straights for cash to complete the drilling. Why are they selling MACO? Even if they complete GHMC the dilution will be monsterous! How will they raise funds to build a mine ? They need $30 million and even at $2 per share that's another 15 million shares plus 21 million for GHMC all together almost 90 million fully diluted. They better prove up a pretty big resource to help the stock price. Rob

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