Regal GOldfields (REGL -- Cdn over the counter) Message Board

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Gold/Mining/Energy : Regal GOldfields (REGL -- Cdn over the counter)

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To: thomas sailors who wrote (270)	6/24/1997 9:43:00 PM
From: Kenneth B. Thiel	of 370

thomas, I am not proud to say that even at $1.75 US I would still be below my cost basis. I too have written this thing off, however, I am too stuborn to sell until I need a big loss to offset gains. I agree that those of us who bought near its highs are indeed "suckers" as you put it. I bought based on a tip from a dubious source who I spoke to recently. I was sure to express my dissapointment, letting him know how much I lost in this thing. His response was that the company is still drilling and owns land with plenty of reserves. He says they are waiting on metals to rebound in order to maximize the movement in the stock price when they announce. I won't be holding my breath. His six month target was $2.00-$3.00.

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