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: Syncrude who wrote (358)	1/26/1998 11:30:00 AM
From: ASHLEY5	Read Replies (2) of 552

Believe me ! I read the news releases with great interest and am aware of the company's plans. How are they going to develop the gold assets ? They could not do a financing with stocks at these levels... it would be too dilutive. They have indicated in previous press releases that Levesque Beau bien is attempting to develop a plan which could include sale of part or all of their assets. Also a joint venture with a major gold producer is a possibility. The data room or map room is the location of all pertinent records and details with respect to the gold assets. It has been indicated to me that some of the majors have been looking at this information. Armada should not be a speculative stock at this stage of the company's growth. They have the gold assets... the only speculation is to where the price of gold will be in the future. What do you think ?

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