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Microcap & Penny Stocks : ALDM - Anyone know anything about this company?
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To: Sapper MSG who wrote (222)6/28/1998 12:38:00 PM
From: Mr Metals  Read Replies (1) of 381
 
The Company has an has an option on a secondary concession on the Dinguaye river-also in Guinea with Gold reserves , estimated at $1 Billion. Barrington has learned that the Company intends to exercise its option during the fourth quarter of 1998 and to commence mining operations during the first quarter of 1999 together with its joint venture partner, Gold Rivers of Africa. In addition to the Dinguaye River Concession, management is negotiating to acquire two additional gold and diamond concessions in western Africa. Barrington analysts forecast that the secondary concessions will be achieving operating profits of $450 Million by the end of 2003.

MM
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