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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Claude Cormier who wrote (179)3/22/2000 9:08:00 AM
From: Pied Piper  Read Replies (1) of 4051
 
Romios Gold Resources Inc (RGRI: CDN Unlisted).

The share price is continuing to move up slowly and steadily and the volume has been much larger than usual for several weeks. We hit a new 52-week high of 85 cents yesterday, before closing at 78 cents. IMHO, this is happening because of the drilling at their Scossa Gold property in Nevada (See the March 6 news release at their website romios.com. The drilling looks very promising and we should hear preliminary results in a couple of weeks.

I believe the private placement is almost complete. The shares in the placement are not tradable for 18 months and so will not have an immediate dilutionary effect.

Piper
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