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Gold/Mining/Energy : Starpoint Gold

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To: Bohdan who wrote (1326)	4/28/1997 7:04:00 PM
From: jocko	of 2378

Bohdan and all, I heard Rick will try to negotiate another extension with Angolan partners regarding Yetwene.....rumors, rumors. Below Guru's comments: V.STS Starpoint Goldfields $0.25 Recent market conditions have made it difficult for most junior mining companies to source financing. STS lost 4/5ths of its share price in a few days after announcing it was unable to obtain financing to put its Yetwene diamond concession into production. Starpoint continues to try and source financing to purchase a DMS Sortex and to negotiate a time extension on the Angolan property rights. At the same time, STS is pursuing gold properties in Uganda and elsewhere to explore this year. STS' share price is below 52 week lows and its market cap is under $3 million. We continue to hold STS and have averaged down near current prices, in the hopes management can quickly revive their Angolan diamond deals. Even if they can't, we are speculating that in the near term STS can come up with other properties to justify more than a $3 million market cap. 800-852-8885 or 604-688-6838 Email: sts@starpoint.com (C) 1997 Investors GURU small cap stock observer Please read the disclaimer at our website home.istar.ca 1-900 MR STOCK 1-900 677-8625 (Daily Tip Line)

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