Pallaum Minerals (ASE:PLM) Message Board

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Gold/Mining/Energy : Pallaum Minerals (ASE:PLM)

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To: rdww who wrote (465)	7/27/1998
From: Andrew Bailey	Read Replies (1) of 536

rdww: Last year PLM spent over $1.5 million exploring in Nevada -that is a company that doesn't mind spending their $$ on exploration and not just sitting and waiting around. A few majors have tried to JV their properties but the deals weren't good enough apparently. Ever thought that the reason they are not being too aggressive right now is b/c the junior markets in general are really bad and so is the price of gold - if gold increases and / or the markets improve or at least turn around so will PLM's share price based on their Nevada properties. I heard they are going to start work soon down there anyway. Drilling also in SVB this year !!!! It is a tough market right now but I like PLM's chances of getting through it and we will all be winners ( those with patience and those not selling out at 40 - 50 cents.

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