South Pacific Resource (C.SHF) Message Board

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Gold/Mining/Energy : South Pacific Resource (C.SHF)

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To: Doug who wrote (1558)	6/27/1997 9:10:00 PM
From: Ronald W.Millar	of 1980

Doug: I think we are fairly immune from the announcement of the 10% kickback to the Indonesian government as this only applies to the 7th Generation COW...and not to the 6th genertion COW'S which South Pacific has title to. I really can't see where our company can do anything outside of being fraudulant in making an announcement which would stimulate this market. We all want this company to hit $25.00 a share so we can profit and sell and be on our way.But to keep on assuming that the stock price has any correlation to its value is not fair.Lets face it...this is not IBM. This is a peice of jungle in Indonesia where we in our excitement for possible increase of profit have willingly bought shares at prices way beyond what the market is prepared to pay for now. And both of us will be poorer to sell today. My point in all this is that I cannot beleive that anything besides good news or time will stimulate our share price. I don't think that our company has to be blamed for the corroption and greed of governments or individuals who have had a major impact on our loss of equity. If the gold is there (and I think it is)...we will be well rewarded for our perceverence. Regards: Ron

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