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Gold/Mining/Energy : Etruscan Enterprises Ltd
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To: Jim O'Connell who wrote (91)5/1/1997 11:13:00 PM
From: randy kay   of 235
 
To all:

I should have posted this sooner but below is a response from EET, the Placer drill results will be late. On Stockwatch I see that the short position is now 85,300 as of April 30 which makes me cautious especially with Bre-X coming down. IMO, shorty is betting on late drill results + bad Bre-X news to bring EET's price down. I may be wrong but I don't see this as a chance to 'get in low'. If this keeps up it will go even lower. St. Jude (SJD) had a similar short on it and look what happened to it (SJD has a large short on it once again).
IMO there is no need to jump in on EET yet as nothing that I know of is going to move it up until maybe May 9 or 12. Also, Placer is in the mess with Crystallex which can't help matters.
Just my opinion.

Randy

Subject: Drill Results
Date: Fri, 25 Apr 1997 14:18:00 -0700
From: Anne <etruscan@ns.sympatico.ca>
Organization: Etruscan Enterprises

To: randykay@istar.ca

Hi Randy,

I finally managed to talk to our VP Exploration and he tells me it will be at least 2 weeks before Placer Dome's drill results will be available.

I will let you know as soon as they become available. If you are listed on the database of our website (I am sure you are) you should receive these results as they are released. If you would like a hard copy mailed or faxed to you, please let me know.

Thanks,

Anne
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