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Gold/Mining/Energy : CVR: V Consolidated Viscount Resources - Ringer???
CVR 14.00+0.7%3:59 PM EST
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To: Semyon Kuretsky who wrote (382)11/29/1997 8:20:00 PM
From: Del Holmes  Read Replies (1) of 409
 
Hi Semyon,

Appreciate the information that you've provided over the last few days and the enthusiasm that you've injected into the thread.

As far as your numbers are concerned, I hope you're right. Ten dollars per share sounds pretty good to me. However, as I understand it CVR is an exploration company for the most part and would likely never bring the property into production without some serious help from one of the big boys. The problem that we're facing right now is that none of the big boys is going to be interested until CVR can provide some assay results, and I don't think they've got the cash at this point to drop a drill in the ground. The only way they can find the cash is by going to the market, and they'd be crazy to do that at these prices. Vancouver is getting killed (down 7% this week alone); and the Mexican gold mine ain't going to do much for anybody with gold at $296 an ounce. What do you do? I think we missed the boat, and are going to have wait until it comes around again. Hopefully CVR management has learned something over the past year or so.

You're right about the potential of their properties, but so much of this exploration game depends on timing and luck. CVR hasn't had much of either over the last little while, but things are due to change. Your thoughts??

Del
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