ENERGOLD (EGD.V) Message Board

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Gold/Mining/Energy : ENERGOLD (EGD.V)

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To: Riverlightning who wrote (21)	1/14/1998 12:37:00 PM
From: keith schaefer	Read Replies (1) of 130

EGD has had 4 Dominican concessions granted, but not the two sexy concessions the market is waiting for. They are Rey Midas, which is right beside Falconbridge/KWG (??)Managua deposit, and the Longyear concession, which is right beside Pueblo Viejo. Management hopes they will be granted soon. Trenching results are pending on Majagual, which is J/V'd with IMPACT Minerals. Drilling will depend on their finances. EGD has $1.7 million cash and 12.3 million shares out. Eldorado still owes EGD another $1.75 million cash to EGD as part of its 51% earn in on Longyear. Burn rate, because all JV partners are spending all the money and of ELD's money, is less than half a million a year. EGD's market fell off just as much because of the delay in getting these concessions granted as POG and BRE-X.

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