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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Andre Koluksuz who wrote (275)5/29/1997 1:10:00 AM
From: tman11   of 892
 
Andre,

I wouldn't give up yet. Results from Lara to be released soon, two more properties to be drilled by the end of June and their JV partner to start drilling in July (I don't even consider the Equador property worthy of mentioning).

I've phoned their Investor Relations person twice and she mentioned PVO is actively pursuing other properties. This alone could make the stock double if its a decent deal.

I'm averaged at $1.70 for 5,000 shares, I could have sold at $2.80 for a decent profit but of course I didn't. Anyways, I'm not worried because I know the market will rebound and the money will come back to the gold stocks after the next decent discovery is found. You find me a bond or a term deposit that makes a decent return... you can't ( of course I know there is no risk).

PVO had 29,000 shares shorted for the last two weeks and the full month of April, it wasn't until the beginning of May that it increased to 44,900. These short shares are uncovered and will have to be purchased from the market.... if there is a good news release then the shares will be covered and PVO will climb twice as fast.

I just might be buying your shares Andre.

Only time will tell the future!!!

Regards,

Trev
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