Patrician Goldmines (PXX, A) Message Board

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Gold/Mining/Energy : Patrician Goldmines (PXX, A)

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To: m.philli who wrote (116)	10/31/1998 12:09:00 PM
From: John Trudeau	Read Replies (1) of 192

Mike, thanks for the update. I'm glad to hear they gave the impression that they plan on being around for a while. I've lost all hope for PXX, as I was hyped pretty good in may of 96 with their Winyongo (sp) prospect.... the stock was apparently suppose to go to $2 by June. Not. Then it was Homasi and Goasu (sp). Not. Then is was JCI will be drilling on Ikungu by June 98. Not. Seeing how I'm down 30 or 40K on this dog already, I have no choice but to hang on. IMO the only way they can survive is to get more cash. With their appetite for the stuff, and their current share price, and their past disappointments, I'd say the odds of current shareholders realizing any value from their stock is 1 in a 100. IMO, I think you'll see the company consolidate the stock on a 1:5 basis and issue a bunch more. I can't see them hanging on any other way. Well, I suppose they might actually accomplish something. From one disappointed investor to another.... good luck, JT

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