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Gold/Mining/Energy : kazakstan goldfields symbol kgfc

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To: Cussy the Windsurfer who wrote (171)	6/19/1997 12:01:00 PM
From: Jesse	of 367

Just pulled this KGFC update off the Stockhouse Forum, posted this morn. (hope Chuck doesn't mind): stockhouse.com -=-=-=- Good Morning Folks, I just got off the phone with ir and here is what I heard. Raidorodok: I know this is Central Asia's puppy but I am sure most of us own shares in both. The final assays arrived yesterday and should be ready for a Monday release (good to know it is not coming out on Friday). Look for hole 9 & 15 results and an upgrade in reserves. AGM: Proxies and related information has or is very close to being sent out. If any one has received this information could they please post a summary here, mine is yet to arrive. 7 Cent Drop: I asked if there was any significant piece of news to account for the recent big drop and was told there was none. There is only one fund holder of KGFC and that is Rothschild (not selling). A possible theory behind the selling could be related to the very bullish reports issued by two major newsletters in the US. Back in March these reports created a large amount of buying into the stock by investors expecting significant gains. Well it has been four months and with nothing transpiring it could be these people are getting edgy. I would be interested to know who was doing the buying back around that time and who has been doing the selling recently. If someone can access this information I would really appreciate you posting it here. In any event I was assured that the present sellers would be looking back at their decision with regret. A/P: There was talk on the SI thread of the accounts payable for KGFC being pretty high. How much of that is owed to Central Asia? Do you thing CGZ is pushing them for the dollars? General Info: With regards to the movement of KGFC. The way it was explained to me was this. You have a relatively new company attempting to refurbish three old mines and build all these great facilities to mine out their PROVEN reserves. To expect immediate profit is probably a stretch. The fact remains that the company is one signature away from owning three producing gold mines (one minister has yet to sign the document, however KGFC has satisfied all legal obligations in this regard). It would seem to me that once your facilities are up and running it is inevitable your going to make money, just when? The Big News: 2-4 weeks. Chuck <end> Email and rib/prompt IR at KGFC (Michael Campbell) at: tmcamp@istar.net We need some response to/for shareholders! :>

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