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Gold/Mining/Energy : RIOSUN--TRIPLED SINCE DEC 1st
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To: Jeff Hackett who wrote (112)7/23/1997 11:56:00 PM
From: Alan Lim   of 208
 
To : Troy Drever as well.

There is a lot of self-consolation on your part.

Troy has struck the right chord - can Riosun survive the "long haul".

Riosun has to raise the financing to survive. No MONEY ! No RIOSUN !. The emerald mine, the gold property and the dubious China deal are not going to be explored or developed.

Do you know how much is in Riosun's bank account ? Probably NOTHING.

What are the company representatives talking about ? How can the emerald project progress if there is no money - I hear rumours that the deal is cancelled, likewise the gold property is also in default - that is why Cochrane rushed into the China deal. Ask the "unacceptables" they are well informed.

How can we rely on Cochrane ? At the AGM he said he wants to build a focussed mining company, one moment, and the next he starts to spread Riosun's limited (more like zero) resources.

The VSE does not run the company, so don't bet your money just because you think the deals have been presented to the VSE.

Judge for yourself. Stop the self consolation. If you want to find another company that will pay for your retirement - do some fundamental analysis. First start with the directors and management. They have to have the relevant experiences with public-listed companies, integrity and honesty. They have to demonstrate resourcefulness - finding, making and financing good deals. At least that is what I am going to look for and I don't find that in Riosun at the moment.

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