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Gold/Mining/Energy : Banff Resources (V.BFF)

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To: Steve Johnston who wrote (13)5/27/1997 10:43:00 PM
From: Ron Osspapot   of 25
 
Steve, this is the first penny stock I ever bought. I watched it go up and come down, unfortunately, I didnt sell before it came down, so I still have all my shares. I've learned to play these a little better since then.

Where are we at now: They are trying to get 80 million dollars in financing. They have the 60 million in equity financing from 5 world banks. My understanding is that that is complete. BANFF needs to come up with 20 mill in financing for working capital. Mgmt(Normandy) is meeting with LaSource right now trying to arrange that right now. They are 6 months behind schedule right now. The project is still a go. Its just taking forever. Once the financing is announced they may use a PR firm. Right now, no promotion..... This stock should be up within a year, probably less.

Hope this helps.....

Ron O
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