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Gold/Mining/Energy : Vantage Enterprises Inc - VEC on Vancouver
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To: kfdkfd who wrote (1382)12/3/1997 11:37:00 AM
From: Frank Sauer  Read Replies (1) of 1476
 
Just talked to Rudi who is always very careful about what he says. One cannot say that he radiates enthusiasm.

This is what I learned:

No major announcement on the horizon.
They are preparing the end-of-year financials. But we should not expect any glowing numbers. However, they have sold some stones, distributed samples, and they are on the track to establish themselves. He says that they are physically in the market for only one year so far. By next spring, if progress goes as planned, they should be in calmer waters. An important date of course, is the International Gem Trade show in Tucson next February.
A deal about the emerald property referred to as Plot 13, which was mistakingly called a producing property in the news release a year ago, is still in the works, but difficult at the moment. Cashwise too expensive, stockwise (at the current levels) too much dilution. They have 75% interest in another emerald property (Baralax?), but not done any work on it. Probably due to lack of money. They may start doing work on it after the monsoon season which would be around April next year (if El Nino does not change the monsoon's occurence this time).

I guess we will just have to sit it through.

Regards

Frank
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