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Gold/Mining/Energy : focal resources

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To: Randy who wrote (19)	2/2/1998 9:01:00 PM
From: dwarrior	Read Replies (1) of 30

All:I see that this thread is roughly as productive as has been Focals management in the past year. I am curious to see what is the consensus feeling on how poorly these guys handled the capital from last year.Not a single hole in the ground even at Santa Domingo which is smack in the middle of the dilineation drilling program that Greenstone is using for their superpit feasibility. Talk about your no brainer drill program. I throw the jabs in the beginning to try and get a fire under existing shareholders to hammer these guys with questions about fiscal responsibility, carrying through on drill programs etc. etc.The annual report of a year ago makes interesting reading as they just happen to have spent all of the treasury and not drilled a single drill hole when budget projections gave us in excess of 25,000 meters on 5 properties. I take heart personally in the recent hiring of PAtrick Chance, he is a Haileybury grad and I have found them to be exceptional people in the mining industry.If Focal can actually wrestle a bit of cash out of someone it is to be assumed that they will drill the Santo DOmongo property and give the market the speculative correlation that the known structures on the Greenstone ground flow continuously onto their own. THis is actually a proven fact but Focal has yet to make that connection a market spark. For all of the misgivings I have about these guys they are on prime ground in a prime area and need only deliver a sniff on their own and the market can draw its own conclusions in spite of them. INteresting to see that this thread had done enough work to see that the Mojon trend flowed all the way onto Delgratia ground some 15 km away. I wonder what they are planning to do with this ground or who potential suitors are? I give this up as a prod to get this thread going again. I can appreciate that no postings since October are in relation to the amount of news that we have had to go on. The next rumblings should be that they are going to the street again to raise money for the work they were to do last year. Lets hope we can get away without the 20+% dilution of the last financing.Whoever gets let in on the inside this time is getting one heck of a bargain in my opinion.

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