Armada Gold 10 Million oz of Gold & 1 billion lb of Cu ! Message Board

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Gold/Mining/Energy : Armada Gold 10 Million oz of Gold & 1 billion lb of Cu !

AAU 0.380

-5.0%

Sep 29 5:00 PM EST

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To: ASHLEY5 who wrote (357)	1/24/1998 4:12:00 PM
From: Syncrude	Read Replies (1) of 552

You do no sound very confortable with this speculative stock. Armada is holding its head above water. If you have been reading the releases at all, you would know that Armada is expanding its copper operation starting in July 1998 for a 15 month construction period. As for the gold operation, Armada is looking for a means to quick start the higher grade portion in a Phase 1 approach (2.9 mm oz). I don't know why you are talking about a data room. Can you tell us what you mean by this? I have not come across any reference to Armada selling itself or its assets. Armada is a longer term situation and if you are looking for a short term recovery, you might be better of in a less speculative stock!

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