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Gold/Mining/Energy : Davidson Tisdale Ltd, DDTS, Canadian Dealing Network
DDTS 21.060.0%Oct 31 12:03 PM EST

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To: Nick Ramoundos who wrote (54)2/12/1998 4:41:00 PM
From: Bill Jackson  Read Replies (1) of 87
 
Nick, And the low price of gold does not help either. We cancelled a small open pit last year when gold fell, and we will leave it lie until gold comes back.
The property has value and would make an undeground mine if gold stays over $400?? when??

Right now we have about $400,000 cash in the treasury and are minimising costs while we wait for gold to decide what it will do.

When did you buy in, and at what price?

Davidson trades on the Canadian Dealer Network, based in Toronto and the bid-ask is around 5-9 cents. I was as high as 30 cents last year when we had the pit coming and gold as somewhat higher.

Bill

Bill
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