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Gold/Mining/Energy : Southern Metals - SUH.V (formerly Aranlee Res. - ARB.V)

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To: Rick McDougall who wrote (246)5/3/1998 3:51:00 AM
From: Abner Hosmer   of 254
 
Hi Rick -

Well, I guess words can't do it justice ;o]

Frankly, I'll be happy at this point if the company survives. In retrospect, they hung around too long in Kazakstan, borrowing money from Dragon, who are inside the company. Now they get a huge chunk of the company for their trouble. And what do we get for all the money they spent in Kazakstan. Jack Dick is what we get.

Anyway, I think the interest of RTZ bodes well for the quality of the
Argentine properties. Maybe a few years down the road..

And besides, the share split reduces the cost of commissions for anyone who wants to bail out now ;o]

best regards - Tom
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