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Gold/Mining/Energy : Major General Resources Limited
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To: Bobby Yellin who wrote (1)9/20/1996 12:24:00 PM
From: Greg Dickie   of 123
 
I am a close follower of this stock, as are many friends and relatives in Newfoundland. One of the reasons for our interest is that they are drilling for Gold here at Springdale, and according to the last results have 350,000 ounces established. More drilling is being done now with results to come later this month. Respecting their other properties, you are right - they have lots. They have excellent management (chosed to travel to the Far East to represent the VSE). My only observation is that they are very conservative - good for security of investment - not so good if you are more speculative in nature.
One of my friends holds a lot of shares and calls them regularlty and then calls me if there is anything new.
If you can get the stock in the .70 range, I don't think that you could go wrong. I have bought it as high as 1.27 ans still feel comfortable in the MGJ story. If you are interested I will try to deep you update on any info that I get.
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