El Misti Gold Limited (EMG V) Message Board

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Gold/Mining/Energy : El Misti Gold Limited (EMG V)

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To: Ruby who wrote (168)	5/15/1998 8:23:00 AM
From: Dano	Read Replies (1) of 513

No results, drill delay after drill delay. Some shareholders have showed their displeasure and impatience by selling out, creating some panic selling through the snowball effect. Whether they bought the stock at .30 or $1.80, I think these sellers will regret their decision in the days or weeks ahead. Ruby, your call of around $1 proved to be a good one. I'll have to learn never to use the word never when discussing stocks. I am surprised that the announcement of 5 diamond rigs being contracted and mobilized to the property seemed to accelerate downward pressure rather than support. The news of the rigs has been confirmed with company management. The following diamond drill rigs have been deployed: 1 rig rated for 800 metres 2 rigs rated for 1200 metres 2 rigs rated for 1500 metres This is phenomenal! Most exploration co's are afraid to drill their targets because their story is often over after that. El Misti's management is so confident in their geological model that they are pulling out all the stops and believe this will just be the beginning of their story. Those 1200 and 1500 metre rigs are not just for show. We have a hole where mineralization starts at surface and goes to 300 metres and got stronger with depth. If they get mineralization to anywhere near the depths those large rigs are capable of drilling there will be no chance of participating in this play after it is halted. It will then be a fund manager's play at that point. There is no telling of where the price might be. For those of you that don't hold a position in EMG yet, this oversold pull back is your opportunity to buy some of this stock. Because of ENG's potential, where the reward outweighs the risk by such a margin, you can not afford not to own some of this stock. Ruby,Elmer and Charred, there is value in EMG, and it's trading dirt cheap right now compared to where it could be a month hence. happy trading dano

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