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Gold/Mining/Energy : Spider Resources - SPQ.ASE
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To: ToySoldier who wrote (315)3/10/1998 5:12:00 PM
From: ToySoldier  Read Replies (1) of 471
 
Don't know if anyone is watching this board but I thought I'd spill what I heard from making a call to the company (SPQ - KWG).

As indicated in last weeks news release, although the sample results identified only 1 microdiamond, the cheeses at SPQ feels that further exploration is still warranted.

As was guessed in this board, they do not have the money in the bank to continue exploration, but they do have some interested parties that they will be presenting to shortly to see if financing is possible be it that the board gives approval to continue exploration. No promises were made but the person I talked to said they ideally would get confirmation for continued exploration by April (she did mention that there are no promises since she didn't want to have angry investor's on here case if it didn't happen).

Canadian explorations in the James Bay lowlands have not been reported lately because they do not have anything to report as there drilling activities do not start until late spring.

As for the web site that is posted, when the Bankruptcy Protection was announced for KWG, major budget cuts were initiated to essentials. The WEB Site was one of the victims. They would hope to get it up and running in the summer but it is a low priority right now.

If you have further questions or want to call them for whatever reason, the number advertised for SPQ on CanadaStockWatch is incorrect. If you call it, you will be asked to call the KWG number in Toronto at 1-416-869-0626 and ask for Mary.

Thats all I learned. I likely said this to an empty room but thought I'd echo this info anyways.

ToySoldier
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