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Gold/Mining/Energy : International Larder-Symbol LRDR on the CDN

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To: pete meyer who wrote (175)5/7/1997 11:30:00 AM
From: Steven Lolas   of 278
 
Pete: We both know that PALL has been drilling and hitting north of
Band-Ore.This company is quiet because they still do not know if the
merger with Larder is on.Combining these two companies,who are already
joint partners in Maine and Timmins,will give this company the largest
presence of any company,junior or senior in the Timmins camp,which seems to be on the verge of opening up.PALL directors include J.C.
Bonhomme a well known Timmins player,Peter Crossgrove who has connections with Band-Ore,and John Harvey,past president of Noranda
Explorations,this is an outstanding group of people.Now I know that
investors do not like rollbacks,but sooner or later Larder will need
to raise money and it is going to happen no matter what we think. Let
us do it now,that the Bre-X stink is still around because after the
stench settles down,Timmins will start rolling and we as investors
should not lose time then,but rather now when things are still quiet.
If there is to be a merger,let's do it,list on the TSE,if there is to
be no merger,then roll back the stock to levels we can raise money just like St. Andrews Goldfields is doing.

Sreven Lolas
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