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Gold/Mining/Energy : Regal GOldfields (REGL -- Cdn over the counter)

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To: Kenneth B. Thiel who wrote (278)9/6/1997 3:02:00 PM
From: Brian Warner   of 370
 
Kenneth, I haven't but I did received the unaudited consolidated balance sheets for the 6 months ending June 30. It would appear that the book value of the shares is about .33. Their cash in the bank is only $50,000. Between that and the drop in share price, that is why Richard Brissenden told me sometime back that they were scaling down their exploration. I have spoken to him a couple of times. He is certainly approachable and open, and I would appreciate it if you or anybody else still hanging around with Regal shares would be willing to give him a call. I would think they might have some indication fairly soon about their current project. Regards, Brian
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