RIOSUN--TRIPLED SINCE DEC 1st Message Board

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Gold/Mining/Energy : RIOSUN--TRIPLED SINCE DEC 1st

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To: Alan Lim who wrote (49)	4/25/1997 5:33:00 PM
From: Woody Alan	of 208

Considering the Bre-x fiasco, I would say RSR has held its ground substantially, compared to other junior mining companies. For a company that has been halted for just about two months, it has shawn brightly on the VSEs' most active board for the last week. (Not to mention that it has not closed below the opening after halt price) RSR shows "liquidity" which is the most important thing to the investor. It looks like they have the ability to take a two month beating and still bounce back. I think that it is a good time to buy; its found its bottom. As for Cockrane, and the private placement, I hear they are trying to do a Debenture financing, as apose to a share issue, this looks as if they are not willing to dilute their own positions. They must have something pretty fantastic, to support a debenture.

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