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Gold/Mining/Energy : GITENNES Exploration (ase:GIT)
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To: Pete Mimmack who wrote (977)8/25/1998 6:07:00 PM
From: Pete Mimmack  Read Replies (1) of 1092
 
Talked to IR today. Jerry is down south, showing the property to 5 different groups that are interested in doing some kind of deal. They say they won't take any deal that doesn't produce real value for shareholders, even if it requires going into stealth mode til POG rebounds. They know they've got a great property. Indeed, they've had their geologists walking the unexplored sections this month and have found some interesting areas worth spending more time on. No specifics yet, just that there is more there.

Reserve estimate not back yet. Won't be released at least til Jerry's back in the office next week, and maybe after Labor Day, ie end of summer.

Pete
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