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Gold/Mining/Energy : El Misti Gold Limited (EMG V)

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To: robert b who wrote (68)2/17/1998 6:39:00 PM
From: charred  Read Replies (1) of 513
 
Hi Robert; It sounds like they are going out on the promotion trail. You might see some rise here and there. Take your profits when you can.

I do not like this company for several reasons. The properties they have are the Santa Rosa and Sinchao. The Santa Rosa project is small. Probably 250,000 ounces. It won't make it. The Sinchao sounds interesting however I don't believe for a moment about the reserves indicated in the report. This was done in house.

The recent financing was to pay old debt to a drilling company. Poor management of funds. Last year they said they raised $16.4 million CDN. Where did it go?

There were many resignations last year. To me that means conflict within the board.
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