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Gold/Mining/Energy : Armada Gold Corporation AAU-Calgary
AAU 0.380-5.0%Sep 29 5:00 PM EST

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To: WINNMAN who wrote ()12/6/1996 12:43:00 PM
From: Daytek77   of 10
 
Leandro

I was considering buying Armada several months ago. There is no dispute they have 8-10 million oz of gold and alot of copper( I forget the exact numbers). When I was doing my due diligence I realized that this stock will not trade at its true value because its' priciple asset the Bayley deposit is located in Khazakistan. There are tremendous uncertanties regarding this area of the world and therefore huge discounts are built into the price. Watch the political climate if it becomes more favorable this stock will rise very quickly.

Tony
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