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Gold/Mining/Energy : Waseco Resources Inc.
WSCO 1.3000.0%Dec 24 4:00 PM EST

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To: CIMA who wrote (30)1/25/1998 12:49:00 PM
From: Dave Tan  Read Replies (1) of 60
 
Indonesia is currently in a financial crisis and this is having an effect on Waseco. The current economic and political situation is creating uncertainty in Waseco. What we hope is for Suharto to step down from office and allow a more capitalistic leader to take charge. This will allow for more foreign investment and speed up the approval and development process for Waseco. Until that happens, we probably won't see any major developments until the economic condition improves.
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