Armada Gold 10 Million oz of Gold & 1 billion lb of Cu ! Message Board

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Gold/Mining/Energy : Armada Gold 10 Million oz of Gold & 1 billion lb of Cu !

AAU 0.380

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Sep 29 5:00 PM EST

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To: zoli bognar who wrote (491)	10/3/1998 11:41:00 AM
From: m.philli	Read Replies (1) of 552

Things have not looked good for Armada since the Russian blowup. I guess it's fears that Russia may nationalize there gold propertys. It sounds like Yeltsin wants to link the Ruble to gold reserves. The goverment is going to be trying to get there hands on all the gold they can. It may be, the only way to get that mine in production and increase there reserves, is by playing fair, helping to get Armada some "international economic aid loan" and taking there tax in gold. To nationalize is not the way to go, hopefully they are smart enough to see it. Any comments on what direction the government will take?

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