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Gold/Mining/Energy : Argosy Mining

AGO 84.96

+1.1%

3:59 PM EST

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To: John McDonald who wrote (69)	12/11/1996 5:35:00 PM
From: Steven Coull	of 165

Hi Mc. Just finished another longgggg day. It seems I am doing more driving these days than actual work. Wish I could have someone to do the field work for me and let me stay in the office. But, then again, you only make a good profit is you keep the overhead down. I am with you on the long haul for AGO. Let's see what happens in the next six months. I usually go into a sound company for at least 18 months and then have a long look if I think I should stay in longer. It seems to take about that amount of time for an exploration company to actually find something and then turn into a potential producer. I feel that as long as you realize this and are patient, you can make a good buck. Corriente has really had a good move in the last 4 weeks. I expect it to level off until the next set of core results come out in Jan or Feb. I will then decide if we should sell everything or maybe 1/2 and let the rest ride. I already have my original investment out and also took a little, what I call, oral gratification money just to keep me from getting too greedy. I don't know about your other holdings except Man is a good one. At least that's what others tell me. Anyway: where are you located and what are your interests other than stocks. Your profile is short. Let me know some time. I will keep in touch with you every few days or momentarily if AGO breaks some news. I will be calling Nsec in the next few days and ask for a report on the political situation. see you stevie

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