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Gold/Mining/Energy : Golden Raven Resources Ltd (GVN)
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To: Ron Waller who wrote (2446)7/25/1997 2:38:00 PM
From: hotstocktips   of 3155
 
CYJ--SELL. You and the company could go broke!!!!
Spoke with Bill McKee several times over past few weeks.
The question I keep asking is how much cash they have left
and his plans to raise more money. FACT: He says they have enough for
2-3 months then will need to raise more money.
I ask how. He says he does not know--it's dificult to raise capital
in a market like this.
He has really two options--more private placements with warrents.
To raise another million, CYJ will have to dilute the stock by another
5,000,000 shares at current levels.

Or, joint venture with someone. FACT: This has failed with AFF as they are have not renewing their position.

FACT: The chart looks terrible. Volume is low and the trend is down.
Even if good assays come out, any new buying will be sold into by
anxious investors who wish to get out. Plus, we will not see runs like we did prior to the Bre-X fiasco because of skeptical investors.

FACT: Furthermore, Gold and penny stocks are continually getting bad publicity from investment advisors and so forth.
"gold expected to reach $280 an ouncethis year".

Then there is the worry of a major market correction. FACT: This can happen any time and it will damage invest confidence more. Penny stocks will
be hit twice as hard because they are speculative.

FACT: Bill informed me they have no plans to promote the stock via a PR firm in the current market conditions.

FACT: On top of all this, the VSE is testing a hugely critical support
level at 800--should it trend down into the 700's we will see another
100-200 drop in the VSE.

FACT: Bill also told me that the company is reviewing their work on Arizona to decide whether or not to continue, how much of there limited resources ($) they wish to allocate to continued work
on the property and when if at all. The same goes for their property
in BC.

FACT: It all boils down to economics and limited cash right now.

This has become fare too risky--it is now gambling at best even if
CYJ pulls out a great assays. FACT: Many other copmpanies have been posting
great assays resulting only for the stock to head south for another few pennies.

And beware of inf. from (Penny Stock Guru). I too was gullable and paid the price. As he says "the penny stock market is all about promo's". FACT: The PSG would take a position in stocks of interest, then promote in Members only e-mails to about 1,200 people. This would promote buying, the stock would go up and he would bail. Profitable business.

Remember he used to pump up CYJ by telling us that Bill is on
a road trip talking to investment firms in Toronto and else where.
Buy now before BIG Boys start buying it up. FACT: I called Bill during this
time and asked him how his road trip went and if their will be institutional buying. Bill replied by saying" what are you taking about" I was in California.

Take this inf for what you will.





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