Gresham Resources GRC.V Message Board

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Gold/Mining/Energy : Gresham Resources GRC.V

GRC 49.13

-0.5%

Dec 29 3:59 PM EST

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To: Razorbak who wrote (8)	6/3/1997 12:18:00 PM
From: Bob (Hijacked)	of 33

Thanks for the correction on chuck's number. As far as Arakis is concerned, I obviously do not know for sure, but I was told Sands could be increasing their position in Arakis to 20 or 25%. The reason is to have additional representation on the board. Rumor is that Lutfur is adding freids and family to the board (Dentist, Hotel Manager, and Brother-in-law, ect.). These people may be very intelligent business people, but the concern is they are freinds of Lutfur and not oil people. The good news is the Arakis stock price will probably rise through '97 but the big question is what will happen in '98. As you know, Arakis has become an important chess piece for Sands.

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