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Gold/Mining/Energy : Millstream Mines (MLSM)
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To: RICK who wrote (577)1/6/2000 10:53:00 AM
From: RICK  Read Replies (1) of 664
 
Hugh,

I took the time over the Holidays to touch base with a couple of stock friends of mine and showed the the basics of MLSM. I have received the same feed back from all. Based on reading MLSM NR's and any other news that I could give them this is what was generally concluded in their own opinions and strickly based on the little information I had.

-It is not a good sign that MLSM are still in the financing stages for the drill programs.
-Each year MLSM has had different financial backers (why hasn't any one of them stayed on board?)
-Assay reports all very sketchy and really didn't explain much to the average share holder.
-MLSM may be selling of shares right now to finance the drilling that has already taken place. What are they going to sell off to finance the new drilling and for what price?
-Not a good sign that we have not seen Assay reports on the prev. two drills. When a company changes mid stream on the way they report Assay results, you have to question this.
-Talking to MLSM IR is not worth the phone call.
(an educated IR department would be a good place to start the new year)
Conclusion is that there are a lot of changes that MLSM have to do in order to get the interest back from share holders.

IMO: I don't see MLSM ever reaching the .50 mark unless there are a lot of changes that take place right now.
It will never see the $1.00 mark again and those that think it will are just kidding themselves. The market will sit around .22 to .25 (this will be the asking price for MLSM to raise money) It will die and slip back to the teens again, and then with a little bit of bullchit news it will go back to the .22 to .25 and so on and so on. Look at the pattern, it has happen for almost four years now, we are only paying the wages to keep some people employed with this play. I will be taking the advise of my friends.

Later, Rick
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