ARMADA GOLD(AAU) or ADRIAN RESOURCES? Message Board

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Gold/Mining/Energy : ARMADA GOLD(AAU) or ADRIAN RESOURCES?

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To: Robert Laframboise who wrote (46)	4/23/1997 1:28:00 PM
From: Robert Laframboise	of 51

To all who is still on this thread !!! Just heard from my broker. They had a conference call with their analyst, Mike Fowler, the feasibility report due last Feb. is now carried over to October (not a good sign). The share value was established at $5.50, it has now been downgraded to $2.20. The cost of energy in Russia has risen sharply and is eating away at the profits of the mine. I am sure the Bre-X escaped did not help as either. On the brighter side, drilling results are expected in 4 weeks, if they are revealing this may help the support of the stock. Edernet operation (copper) may be doubling their ouput over the next six months. Robert Friedlan is expected to be nominated to V.P. Your guess is as good as MINE on where this stock is heading, down a mine shaft possibly ??? My paper lost is to substantial to leave at this point in time, so I will be sticking around with this stock until I retire ... You win some, you lose some ...

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