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Gold/Mining/Energy : Golden Raven Resources Ltd (GVN)
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To: Russell Gish who wrote (2445)7/25/1997 7:22:00 AM
From: Ron Waller   of 3155
 
Excellent post Russell! Yes there is gold in them thar hills IMHO but,

The timeframe to getting the results and having them put CYJ back into play may be longer than we all are hoping. I was lucky to pick the entry points earlier this year thanks to Frank, now however, investors will be and are skeptical about this company and with the bad news on Marchment an all, it may hurt us until all this now takes abit longer to blows over.

I too will be trying to pick up some more again late this summer but I think there may be some "real deals" just around the corner before we start the transition upward again. Since Frank truly was the catalyst
that high-lighted CYJ before, his unfortunate current circumstances will not help us right now either and will IMHO delay our recovery just abit more.

I think Skopos blew it totally by taking way too long on his Arizona estimate and then when it came out, it was not enough detail in estimated reserves that we were expecting. Like I stated when the release was finally made, "Too Little, Too Late!" The investors were tired of waiting and simply moved on!

We will see CYJ progress again I think, but WHEN it will occur is the most important and difficult question right now.

Good Luck to All, Ron.

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