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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU
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To: Mr Metals who wrote (2597)2/9/1998 11:15:00 PM
From: Junaidi  Read Replies (3) of 4718
 
Howdy Mr Metals, Yes I am still monitoring ANZ with interest especially in view of their good silver grades at Ojolali. I would be surprised if ANZ does not steadily improve over the next few months. My biggest fear is that they will drastically slow down the impetus of exploration to conserve their cash. Only the bold survive in the mining exploration industry. We don't invest in these stocks so the directors and officers can sit on their thumbs and pay themselves wages until the money runs out. On the other hand a prudent application of their remaining cash might be in order until the market turns around.

I am surprised we have not seen more results from the BC property. Does that mean that there was only one intersection worth reporting from the entire drilling program.

The exploration at Ojolali is cheap. i.e. good access, climate and no expensive helicopters. In spite of the bad press from Busang and all that surrounded it, I believe that Indonesia is THE place for mining investment. The current financial crisis means the government will encourage investment in mining as it is a direct earner of foreign exchange. Also we have begun to see the dismantling of some of the nepotistic practices which abounded here up until late last year. Although Suharto is and will still retain power, I that a Bob Hasan - Suharto Clan grab for Busang scenario would not happen now nor is it likely to again.

There is much more open dissent in the press now even though the price of newsprint has shot up so high that many newspapers are going out of business.

Cheers, Junaidi.
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