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Gold/Mining/Energy : Mindoro Resources Ltd - MIO

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To: Veteran98 who wrote (101)	2/24/1998 10:40:00 PM
From: Ciao	Read Replies (1) of 147

Harry: I managed to get in contact with ONV's IR person, Peter Slocombe (spelling ?). The company is trying to preserve cash and has fired several geologists, closed some offices, will drop options on some properties, etc. They are committed to NEVADA and are trying to JV some of their properties. They may be providing a corporate update in a few weeks. Their current cash position is $3.1 M. I agree with what has been said in previous 2 posts wrt promotion and hype. Promotion when performed in a perverse way is hype and borders on misrepresentation. If promotion is perfomed with integrity, it is seen as being responsible, legitimate and desirable. Ciao for now.

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