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Gold/Mining/Energy : Silver Peak Resourses SVV,V
SVV 9.450+3.1%12:59 PM EST
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To: NICVIC who wrote (212)11/3/1997 4:20:00 AM
From: DR.  Read Replies (2) of 284
 
Frank/DR.
The company's still on target for the next well. I think you summed it up in your last comment though, Frank but when you have a small oil company that is not yet drilling multiple targets simultaneously there is a limit to the amount of news that there is to put out.The company is apparently clearing up the last land queries on the Linda Prospect which is still to be it's next drilling target and shall be announcing the staking of this prospect shortly.
The website gives a lot of information on the company but again cannot produce new info every day although it is updated around twice a week or whenever there is news. As developments occur the company will have more to talk to it's investors about but right now it is still early days for this company as work continues behind the scenes. I spoke to the President who seemed to be frustrated by the market generally although he stressed that SVV had resisted the downward trend of many Canadian stocks longer than most. Have faith as the play is as good as it has ever been for this company and as time goes on the nearer the company gets to becoming the successful producer that it will be. When this stock turns around as it could do at any time it has a lot further to rise than it has to fall!

Regards
DR.
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