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Gold/Mining/Energy : Alliance Pacific Gold Corp, V.APG (formerly Yukon Gold -V)
APG 36.38+2.7%Nov 5 3:59 PM EST
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To: roger fontaine who wrote (38)9/25/1997 6:26:00 PM
From: William Puget   of 209
 
Roger: Maybe you should look at the news release of today - joint venture with Teck. Maybe it wasn't good enough for Goldfields but it sure is good enough for some of the smartest mining boys in teh business. Remember, Teck made C$232 million off its DFR investment.

Sometimes, and not infrequently major mining companies drop properties for reasons not related to the actual geology of the property. I can give you tens of examples all over the world where this has happened. Perhaps the news release of the other day was a bit overly enthusiastic but they were not lying - at least not intentionally. This stock is in the right price range for a move up - unlike the previous deals that some of this group have been involved with - ADL, MNP for example - both of which are in the shit house after heavy promotion. Dragovan and Idysik, who are supposedly the management advisory board, are savvy promoters who look after themselves first and us last. Their cohort Danny Matthews profited nicely from burying us all in Yukon Gold at $9.00 and Madison at $6.00 not to mention TTO before that.

I think APG is OK here and teh properties tell me there is more to come.

Cheersm Ahmed

I would expect more announcements of joint vetures with majors for this company. Remember they also have a joint venture in the Yukon with Cypess Amax. Maybe they'll finally get a deal on the heavily rumored Indonesian property.
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