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Gold/Mining/Energy : Steppe Gold (SPE:V)
SPE 15.41+0.2%4:00 PM EST

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To: Moot who wrote (797)3/25/1998 10:36:00 PM
From: John Stokes  Read Replies (1) of 1248
 
Moot! Their seems to be some obstruction in gaining financing for
juniors in K., and since you overrule the maltreatment received by
others CGZ, KGFC, WWS etc. perhaps you can identify some other cause.
Goldbelt has not surrendered their offings without some misgivings
and I find it interesting that SPE has attempted to sweeten the pot for their financiers by getting involved here. I find no difference
in the function of SPE from other juniors other than to say that they appear to be a little more aggressive but as to mistrusting their
reports I feel no more vulnerable than to any other company. Much of
the delay in my opinion is more related to market conditions and
weather pertaining to the production development of Mizek. Money
can earn interest until needed and other than bureaucratic caution
I find no reason for delay of this project financing as the weather
will soon not be cause for delay.
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