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Gold/Mining/Energy : Welcome Opportunites Ltd - WLO - VSE
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To: Gulo who wrote (20)12/16/1999 3:47:00 PM
From: keith massey   of 27
 
**OFF TOPIC**

PNP holds 1 million shares of LUMM but have been selling into the recent run.... not sure how many they sold and it won't be disclosed until the next quarter results come out in a few months. Hopefully they sold them all <ggg> PNP's current book value is around $9-9.50 so it sells at 1/3 of BV... this does not included the LUMM warrents or any extra value on the private companies it holds.

Best Regards
KEITH
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