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Gold/Mining/Energy : Golden Arch Resources---GAI.V
GAI 8.8000.0%Mar 22 5:00 PM EST

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To: Fred Benjamin who wrote (188)7/9/1997 8:41:00 PM
From: JR.   of 359
 
Fred,

Just checked the news releases and saw a new one for GAI.Someone seems to have enough confidence in this first well to put up $525,000 for a million and a half shares with additional warrents for an equal number of shares. Tell me if I'm out in left field but usually one doesn't put up that kind of money unless they are pretty sure of something and that they expect to at least double their money.Any thougths?

Cheers,

JR.
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