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Gold/Mining/Energy : Anvil Range Mining

ARO 0.151

-27.7%

Apr 21 5:00 PM EST

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To: Jeff S. who wrote (64)	7/8/1997 11:52:00 PM
From: Roman	of 143

Hi Jeff. Regarding thouse 15 mil. Rememeber how not too long ago, management of ARO mentioned that they need raughly 20 mil to get mine into full production. Today they got 15 mil loan and also another 5 mil loan to be negotiating. Why the hell do they want to issue equity for another 20+ mil. It makes over 40 mil in total financing of the reopening of the mine. For now, I think that loan is better that additional equity. I hope that market remains favourable for ARO and we see some profits really soon. Speaking of the profits, ARO actually made some money on the first quater.... Roman

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