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Gold/Mining/Energy : Peruvian Gold Ltd. PVO
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To: Elizabeth Andrews who wrote (504)3/30/1998 12:14:00 AM
From: Robert Dydo   of 892
 
I don't think that has been ignored. Gabriel share price was a $1.00 which is not bad for plenty of assumptions and just one single hole. The result was good but not enough to draw any conclusions, they better have more assays by end of April, or we will slip downwards.

As to your previous comment. I do agree that certain fears are present in the market due to political risks associated with particular countries. My own experience as I am a shareholder of company which is working in one of those, is not a pleasant one. Nevertheless in order to find something enormous one must venture to the regions of undiscovered potential as chances are greater there than in crowded parts of the world. I must add that in some cases the risk is being a creation of misinformation while in other the argument could hold the ground.
Personally I don't think Romania is a politically riskier than Poland,Chech Republic or Hungary. All those countries are a members of NATO and I would think that tendency is to follow their lead. Communism as a doctrine was forced on those nations by Soviets and I would doubt that the past will repeat itself in this format.
Economically Romania is probably one of poorest countries in Europe, and in any case, any form of investment is rather welcomed than discouraged. There is an interesting news release by Gabriel about positive changes in the mining law in Romania. These includes topics like, export of minerals, tax law, JV with foreign capital, etc. Overall the conclusions are very positive and emphasis is put on Gabriel's long presence in the country (2 years), which has allowed to take most promising properties under their influence.
Regards
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