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 (359)	1/26/1998 7:00:00 PM
From: Syncrude	Read Replies (1) of 552

I find it hard to believe that you would think that Armada is anything other than a speculative stock! They have assets, yes. Will they be able to hold on to them is another matter. They are in a weak position and cannot, at this time, extract the full value of these assets and are therefore at the mercy of other companies. I agree with their strategy of developing the copper side of the house as they have a partner to do it. I know what a data room is. It is just that I have not seen reports of one being opened up by Armada. If this is the case, then I don't see the stock price move up very much, given the markets for gold (even with the current rise).

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