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Gold/Mining/Energy : Mandorin Goldfields MGD.V
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To: rabbi who wrote (74)7/10/1997 10:02:00 AM
From: Spiney   of 633
 
Tasso from MGD IR is on the Hedgco thread and I asked him about MGD status...this is his reply:

From: tasso Baras
Jul 10 1997 12:46AM EST
Reply #4 of 5

Yes Norman,I am the one.If your looking for updates,there really are none to significant at
this time.The company is still in ongoing talks to sell it's alluvial deposit.I know it has been a
long time,but officials still insist the deal is doable.Mandorin is currently conducting ground
work in Zimbabwe,but are still months away from a drill program.Is the stock a
writeoff?Hardly,management owns close to 15 million shares,so it may take time,but they have
to much to gain or lose by walking away.Besides it's probably better to regroup in this
market,and then be ready for the next upturn.
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