ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res. Message Board

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Gold/Mining/Energy : ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res.

ORI 39.35

-0.3%

9:30 AM EST

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To: Gramps who wrote (367)	6/17/1998 10:26:00 AM
From: Al Cern	Read Replies (1) of 444

Gramps, I just went through the latest financials of TYG on SEDAR, and it appears that the final pillfering of cash has taken place. The $300,000 that was left at the end of the last quarter is down to $50,000. Of course the funds were transferred as management fees, office expenses etc.. Well at least we know that next to nothing is left. BYG of course is providing little useful info about their state of operations other than throughput in terms of tons, no grades, cash costs etc.. The third quarter is almost complete so it is hard to tell what BYG's cash balance is at present. I don't believe there is any timeframe or matching fund requirement, that would see a reversion to ORI happen, so I guess the situation is on hold until this mess is worked out in one way or another. Sincerely, Al Cern

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