Takla Star Resources (A.TKR) Message Board

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Gold/Mining/Energy : Takla Star Resources (A.TKR)

TKR 90.58

+2.9%

3:59 PM EST

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To: Robert who wrote (71)	9/17/1997 10:13:00 PM
From: Stox	of 85

Hi Robert. I'm out of Takla also but always watching for a good time to get back in. As usual the markets are overreacting to the end of any promotional VB hype or results this year. From the AGM it was clearly stated that the type of deep drilling they were doing on 61 was like buying a lottery ticket. I am surprised that the promoters and insiders did not have a little run prior to this disappointing (but probable) news. Bill Bales, a Takla director and VP told me on the phone that in his opinion, VB projects only account for 1/3 of Takla's potential, along with Bolivia and Peru gold exploration. Takla has been trying to downplay their VB properties for over a year now trying to get investors to look at their other largely undeveloped properties. Takla has a low burn rate and positive working capital of over $0.75 per share. The stock may fall down or below this level but will be poised for another run once all of the insiders get their fill. For now, I sit and wait, and watch. Take care el PS - drop by the Great Canadian Stock Contest (Q4) thread which just opened up.

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