El Misti Gold Limited (EMG V) Message Board

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Gold/Mining/Energy : El Misti Gold Limited (EMG V)

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To: John Fairchild who wrote (313)	10/17/1998 12:03:00 AM
From: John Fairchild	Read Replies (1) of 513

Am I the only one on this thread? This stock is showing signs of recovering from the bottom (up 100% from low of .07). I expect we will hear about these deep drill results this coming week and with gold showing strength this one has potential to make a significant move. I have been buying as I see potential here for multiples in my investment. This story is indeed interesting as I see it. This company blows all its money with some very high cost drilling program and then has no cash left to pay for the assay results. Exploration drilling to depths of almost 1km. They have got to think they have something special to go to this depth? The core must have looked good to keep drilling? Anyways they get the drilling done and are able to pay for the first 2 deep holes and 1/3 of hole 3. These results Look pretty decent but are announced on Aug 14 at a time when nothing can move the market. As the weeks go by and no assay results for the remaining holes are announced the market decides they have nothing good to report. The company off course does not want to advertise that they don't have the cash to pay for any more assay results and the sell off escalates. They apparently have the cash now and John Huguet says it will be used to pay for assay results immediately. The results once received will be issued immediately. I have bought as much as I am going to. If the results suck then I will hang on for Santa Rosa feasibility announcement and hopefully the continued move in POG. From Stockwatch forum: ------------------------------------------------------------------------ Author: Scott -- Date:1998-10-13 13:28:00 Subject: Geologist Talked to the geologist and he is somewhat optimistic that everything will be fine with the company. They were short on funds on paying for some testing ( $100,000), keep your shares it is only a temporary problem! He has shares that he bought over a $1. ====================================================== John.

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