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Gold/Mining/Energy : Mandorin Goldfields MGD.V

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To: John Paquet who wrote (439)2/5/2000 1:37:00 PM
From: The Osprey  Read Replies (2) of 633
 
Monsieur Paquet.I go tell no one unless I want to.I took the heads up from someone else and have a backload of it I just bought and I have called the company so your info with the hype is somewhat pre-mature. The drilling is going on in the Z-Property as we speak so assays will not be out within the next few hours.They will be near the end of the month and the DD and negotiations for the IT company are ongoing as we speak and there is not one but two companies they are looking at.One of them has Global Applications and is the one of most interest.
The PP was done to facilitate the day to day operations as well as to help pay for the DD and first installment of the potential project I think you will find.

As to systems....I run a p500 Celeron on 2 19" monitors and a 15" monitor......BIG DEAL....I made money for years on a 286 as well.

I am replying to you only because I remember your SVB antics.Yes,we are born of a time when technology is moving forward and I suspect like the iron age and other aspects of the industrial revolution, we will look back historically on this period as the technolgy age but for the time lets see how MGD unfolds.I too feel there is upside but for goodness sake make sure in your excitement you do not establish the rep which followed you through SVB..

Respectfully and without prejudice,
The Osprey

PS--The company in the Zimbabwe property has a JV partner which I believe is called Longmans(???)who are listed on the London Stock Exchange and this particular company I am told has 7 operating mines in the area.MGD has also received expressions of interest I am told from two other companies regarding JV projects.Having said that I do not care if they have a cazillion ounces there.I didn't buy this as a resource sector stock and I am not going to chase pennies on hole to hole assays.Been there done that especially when you think that there are over 200 companies searching for gold that are listed in Canada and only 2-3 mines a year are opened.
My interest lies in the technology side of the company and I intend to stay right where I am and if the price pulls back(Idoubt it will now) then I will buy another backload of them.I intend to sit with this until I see if the hype is realistic or unfounded and will continue to do my DD and converse via PM with more knowledgeable investors of this play.
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