Goldminco Consolidated Mining Corp. GMC (was GMO) Message Board

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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)

GMO 0.0121

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Jan 21 4:00 PM EST

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To: Rick McDougall who wrote (526)	6/18/1997 10:01:00 AM
From: John W Murphy	of 588

Rick, I think i've probably been in this stock a lot longer than you have. I've talked to Peter and Gordon and Greg many many times since long before they ever went to the site as I'm sure a few others have as well. I don't find that hard to believe at all. There were 17 trades yesterday, and yes, I definitely do consider that very few, as I'm sure most investors would. They are starting work on the Posie property first because that's where they have done the most preliminary work. You can see from the results that the properties to the north of this have better trenching results. I am glad they are starting with the Posie first because in this market atmosphere if you drill your best property first, and you don't hit deep high grade ore on the first hole the weak investors will really panic and there will be a lot more than 17 of them. As far a IR, some companies consider this a priority and some don't. GMO is a very small junior with one Project. Peter's philosophy is that his job is to find the ore and put it into production and the market will take care of itself.That's his call. If it's enough of an issue for individual investors then we are all free to look elsewhere, he never promised us an IR department. I personally wish there were an IR department so people could vent their frustrations on them and not on this thread where it doesn't present a good image to new prospective shareholders. The company is working around the clock, if it's there they will find it.There are definitely going to be ups and downs along the way. That's my personal opinion anyway, I'm staying in at least until I see what they come up with much further north. Best of Luck

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