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Gold/Mining/Energy : Golden Arch Resources---GAI.V
GAI 8.8000.0%Mar 22 5:00 PM EST

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To: Bill Potton who wrote (233)10/29/1997 12:56:00 AM
From: JR.  Read Replies (2) of 359
 
Bill
I phoned today and it was confirmed that the front lines people were to update Tom at the end of the month.Until then he knows they are busy and doing their best on several fronts so he doesn't want to distract them ,as I understand it.Myself, I am trying to bottom fish at this level because once the first well on the Linda project is completed ,I don't think this stock will fall back anywhere near these levels again.If they are right on the size of the formation it will have a lot more pressure(my guess) and we should have the kind of well we all dreamed about on the first go around.Joking around I told Tom to count back 45 days from Christmas and that's the spud date.He wasn't too pleased I think because he's hoping to get some time off for the holidays.
Cheers,
JR.
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