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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Robert who wrote (68)11/29/1996 11:37:00 AM
From: bill718   of 892
 
I'd like to put a few comments forward for discussion due to the rather disappointing performance this morning...

1. I think many investors have lost confidence in PVO cause of the
lousy press release prior to yesterday's (and of course, the
price tumble). This will take time to reverse.

2. While the figures released yesterday are impressive, there
is still not enough evidence to conclude that a mine will
definitely be established. Overhead will be high in the
El Encanto area, so gold will have to be plentiful and
of high grade.

3. We are now likely at least 2 weeks from the next press release.
After all the action this morning, I expect nothing drastic
will happen between now and then unless something leaks out.

Guess we play the "waiting game" again.

Regards,
Wayne Wolinski

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