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Gold/Mining/Energy : Golden Thunder -VSE:GTH- Arizona Desert Gold
GTH 4.025+0.1%Mar 28 4:00 PM EDT

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To: Richard Mazzarella who wrote (108)3/5/1998 1:00:00 AM
From: GlobalMarine  Read Replies (1) of 152
 
<<I keep telling myself to never again buy Canadian stocks because of the manipulation, lack of liquidity, double dipping on the money exchange, and large spread. >>

Another reason I never bought GTH was my personal feeling & opinion that this VSE company is a promotional play and not an overly serious attempt at building a mine. I could be wrong, but IMO I don't think management is going to go through the long, arduous, drawn-out process of actually designing and building a mine. Note that no significant activity seems to have taken place...I don't see any trenching, grab-sampling, drilling, or assaying going on, for instance. There hasn't been a press release in six months (at least I don't see one at their web site) It appears all management has ever done is acquire 140 acres of land and promote it.

IMO, the only way the company will build a mine is if outside companies do all the work for them (Maxam Milling perhaps?)
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