Kalahari Resources Makes Major Move Upwords Message Board

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Gold/Mining/Energy : Kalahari Resources Makes Major Move Upwords

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To: Blue who wrote (93)	9/24/1997 10:34:00 AM
From: VAUGHN	of 349

Hello John OFF TOPIC Two issues on Gerle. Like many of these diamond juniors, they seem to put out "hook" news just before the fall/winter duldrums. Its not that I don't consider their property prospective, I do, it is just that I have seen this pattern too often. Even if they find a target, this time of year, unless its on land which is rare, they can't drill it until February/March/April so I would rather play these little fall flurries after the run and short them rather than buy in on the run and be left holding until next April/May. If you look at today's WSP announcement you will see another example of what I mean. GGL's operator is of course Monopros (DeBeers) who has recently found several pipes in reasonably close proximity to the GGL claims (MPV) and their are similar trains on the GGL property. Trouble is, the Feds still have not made a final ruling on GGL's claim dispute and until they do, I suspect Monopros does not want to announce any progress or perhaps even spend a great deal of $$ for fear of being frozen out. So GGL may well have the goods, but don't look for any material news at least on the disputed claims until the matter is resolved. Saw the SUF folks yesterday at noon and was left with the distinct impression that they would make no announcement matching the KLA PR. My impression was that they did not consider the news material which is consistent with their policy and history to date. Class act! If you can lay your hands on the KLA PR would appreciate seeing a copy posted. Thanks. Take it easy John and Regards

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