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Gold/Mining/Energy : Scorpion Minerals-SCP-T

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To: Michael who wrote (122)	5/24/1997 5:40:00 PM
From: Ronald W.Millar	of 235

Michael: IMHO..The Institutional Investors consider Indonesia as having the same "ring" to it ...as leprosy. I have most of my investments where they shouldn't be right now....in junior mining companies in Indonesia. I have two choices...get out with a loss....or wait out the storm and hope for recovery. As you can imagine..I really only have one choice. The Institutions who did very well in the past with Indo's now want to divest themselves of any and all of their portfolio which may be invested there.Fundamentals mean nothing to them, they are concerned with perception to their mutual fund holders who don't like the sight or sound of Indonesia.But... Sooner than later companies such as Scorpion which have enough money in the bank to finance them for at least two years will come back to life.And when they do..we will be more than happy to resell our shares to the Institutions who will want back in to a good thing. I hate to sound "optomistic" at a time like this....but I am. Regards: Ron

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