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)	1/27/1998 10:14:00 AM
From: stockman	of 552

Hello Ashley I am dissappointed in this company as well. I thought it had a lot of upside potential. I never bought it for the copper production but this may be the segment that cause the price to move. There was a news release a little while back with the copper plant expansion and financing for it. The Japanese company that is buying the copper is financing the expansion. So at least that sounds secure for now. I don't know how their working capital looks however. I know that the expansion will take some time. I beleive the expansion is going to increase production by 6 times. So if you multiply the current share price by 6 then we should be sitting at $1.50(6 * .25) when everything is completed. Time will tell!!! Please write me back if you have any ideas that you have. Maybe if we work togther there may be some more satisfaction for us both since this thread is all but dead. Try to keep your head above water. I know it isn't easy c ya stockman

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