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Gold/Mining/Energy : BLUE DESERT MINING, BDE-ASE

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To: Danny Grant who wrote (586)10/29/1998 2:02:00 PM
From: Walter Kraus  Read Replies (1) of 673
 
I think you've answered your own question with your last sentence. They have been trying to market their properties - found an interest with Romarco in Nevada. Romarco still has to spend some money to have the deal go through (No?). The Chilean properties, on the other hand, aren't the jewel that some have led us to believe. Either that or metal prices don't make the site that attractive at this time.

People out of BDE's offices have not talked this stock up (good or bad depending on your share situation). I fear, though, that Fairbanks has lost interest in this venture and is looking for an out. What that may mean is an extended period where the share price stays below $.10 while a number of houses accumulate the stock until it is time to take a new story on the road.

Keep in touch.

Walter
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