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Gold/Mining/Energy : Steppe Gold (SPE:V)
SPE 15.38+0.4%Nov 11 4:00 PM EST

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To: Robert Dydo who wrote (793)3/24/1998 12:31:00 PM
From: John Stokes  Read Replies (1) of 1248
 
Robert! Surely the value of maintaining and gaining new contacts in
the business world will not be lost to the K. government as failure to
deal fairly with business would not soon be forgotten. The juniors as
always have been high risk and the only current bet on the assets held
by SPE is SPE. The only reason that financing would be withheld is if the K government is perceived to be too high a risk. My bet is that they have too much to lose on all their natural resources not to
conform to business expectations. The Boris Yeltsin actions of the
past week are another indication of the need for changing countries
to rethink their strategy. From what I have perceived of K
is that they have little else to build their economy on at the present
time other than natural resources although their dependant population
is not all that large. I'm thinking patience at this time.
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