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Gold/Mining/Energy : International Riley Resources (V.IRR)
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To: Robert Dydo who wrote (47)6/4/1997 9:29:00 PM
From: Robert Dydo   of 136
 
It is me again and I hope that some of you still come here to blow old dust away. I called company today and spoke to the PR person and I got some good and bad news. First of all this El Trejo drilling is a big question mark and I was not told, that it will not happen in June but probably will not happen in June. This is somewhat upseting since Mexico is becoming a hot spot these days and If they have that 300,000 oz. of PQL extended or at least got the drill in the ground the price could go somewhere. That is my opinion. Company thinks that there are no two souls in the market who cares about results by anybody and their main cause is to preserve cash resources. On Indonesian front they will fulfill the obligations but nothing beyond if venture is going to Fantasyland and I think that where is seem to be going for about 9 past months. NWT brings a surprise in the presence of DiaMet placing an interest in RYR's property. I know I heard that story before and as much as I would like to see work start in Mexico, not only me but everyone on this thread knows the little price engine of NWT. It is preliminary and not certain and that, but I like the sound of it and I am willing to wait since I am in red anyhow. This is the update and would be great if someone who is alive give some comments on that. I think it will be very beneficial if someone else could call the company and talk to them.
Regards
Robert
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