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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)
GMO 0.01210.0%Jan 21 4:00 PM EST

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To: Joe Veres who wrote (549)7/3/1997 11:32:00 AM
From: Obie   of 588
 
Joe: Yes, the news release appears to be a little vague. But in today's market, that may be preferable to us shareholders in the long run. If you take a look at other junior golds that have released more than positive results over the past few weeks, you'll see that the market is hesitant to react, if not having a reverse effect on the stock. If you need convincing, take a look at CQL that released great results but has been punished to a 52-week low. IMHO, unless the results are spectaculor, it is in the best interests of the shareholders not to be too detailed with the results until the timing is right whenever that may be.

The information that we have right now is enough for me. Just my opinion from analyzing several other gold stocks and market reaction.

Best regards,

Obie.
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