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Gold/Mining/Energy : Pallaum Minerals (ASE:PLM)
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To: Kyle Stevenson who wrote (480)9/22/1998 3:39:00 PM
From: gtr  Read Replies (1) of 536
 
I guess for anybody to have any new information on PLM they would actually have to be doing work on their properties. I have a hard time believing that we haven't received any results yet from their SVB properties. The announcement that work started on those properties was made on June 15. You are telling me it takes 3.5 months to complete this preliminary work program and get results!!

Then there is Nevada which has all these "high priority targets" which never seemed to be drilled. With every passing week we get closer and closer to the winter where they cannot do any drilling. I remember the excuse I heard earlier in the spring that they were waiting for the ground conditions to improve before doing any work down there. You are telling me that all through the summer the ground conditions were bad. Then we get an announcement that they have started Phase 1 programs on the W and Buff properties. Translation of this means somebody has a pick and shovel and is collecting soil samples. That will be sure to kickstart this company!! I am curious as to what happened to all these big plans to drill the CVP and CVP Wedge and Bullion Mountain properties. It is obviously not going to happen this year.

Once we hit mid-November if they still haven't done any more work than they have now, I would suggest selling this stock. It will probably drift down to a dime in the off-season!!

GTR
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