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Gold/Mining/Energy : COLUMBIA METALS CORP - COML

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To: Al Krasberg who wrote (39)11/7/1997 3:07:00 PM
From: Simon D. Yates   of 153
 
I too have a good position in MGM. The Dos Amigos Joint Venture(DAJV) has my attention and is one of several reasons why I bought the stock. I already determined that MGM's managment is an assiduous group of folks working at building a good company. When I reviewed COML's directors, I found that Joe DeFelice was also a director in COML as well as chief of investor relations at MGM; and found Ray Mongeau to be the largest single shareholder of COML (This was many months ago, this may or maynot have changed since). If the directors and founders of MGM put there own equity into COML, I felt the company's potential was almost as good as MGM's. The company's future prospects looked good and I felt that I already new management. For many months, I had talked with Richard on the phone and did not realise that he is a director for COML.

Like you Al, I really believe in these company's, but as I have told others, I can't wait til the market begins to see these companys as we do. Though a few well written news releases ahould do the trick.

Have a good weekend Al & all,
Simon
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