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Gold/Mining/Energy : FRIEDLAND Idonesia-BMD, FDM, INF

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To: Michael Brody who wrote ()11/15/1996 8:41:00 AM
From: Dan P   of 25
 
Michael:

Here is a note from the FDM thread: I think you are onto a promising
area.

I own shares in FDYMF and also noticed the small but sharp move up
today. It is interesting that Indochina Goldfields also has been
moving sharply from around C$9 to $13+ in just a few days.
Coincidentally, Bob Bishop noted that The Ontario court lifted
the Freeze of Friedland's $150 million in Inco stock.

My take is that the freeze explained in large part the under-per
formance of these two issues, and the way is now clear for them
to move up. Unfortunately, both of these stocks have relatively
large capitalizations, but if they have assets to match, we'll
finally see some performance. I think that is what Boris was
alluding to.

Regards

Dan
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