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Gold/Mining/Energy : TRANSPACIFIC (CDN: TRNP)

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To: Sky High who wrote (16)7/13/1998 1:53:00 PM
From: Dennis (Hijacked)  Read Replies (1) of 24
 
Better late than never.....

Finally got around to calling TRNP this afternoon and was told by the person on the other end of the phone that......

- no drilling presently taking place
- talking with a company that is involved with tax deals (flow-through shares) that sounds promising. Money raised will help TRNP with their projects.
- 1 for 10 consolidation was approved at last general meeting, but he is holding off until market conditions improve
- no progress on listing on ASE..... $500,000 capital value required and at 1 cent/share, it isn't there
- talking with party in Asia re: acquiring a property in Asia (chromium/silver/gold)and looks fairly positive. Raising money will be a priority to develop the property when acquired.
- long-term outlook is good...not next week, but when base metal markets start to improve, they are expecting more positive reactions to their program(s)

Time to average down????????????? Give them a call (519)848-3388.
I guess at a penny a share, I can't lose too much!!!

Regards
Dennis
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