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Gold/Mining/Energy : Jersey Petroleum -JPI (was Jersey Goldfields -JRG)

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To: Richard Saunders who wrote (47)11/8/1997 5:24:00 PM
From: burner  Read Replies (1) of 100
 
Richard,
HYE may have made a mistake in the attempt to sell Bonnie. Jersey intends to get full value and will either get a replacement for bonnie or attempt to retain it legally. My read after speaking with them is they are not happy about the turn of events- no money has been conveyed in this deal at this point. Company still has $1.2 million in cash. These guys at Jersey are good people--honest. I hope Casey Stengel's axiom, nice guys finish last, does not end up applying here.
I bought in at much higher levels---good work Richard, you will probably do OK on this one.
Dan
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