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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)
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To: Ronald W.Millar who wrote (729)11/14/1998 11:23:00 AM
From: Traveling Man   of 835
 
Ron,

I hope your attempts are more fruitful,too. A company management who ignores the companies owners usually is doing so because they have nothing positive to say. I am of the opinion,regretably,that I have permanently lost about 95% of my small investment here. Anytime I hear that management is avoiding shareholders in one of these speculations,I know it's "turn out the lights,the parties over". They are all long shots. Where I think these guys made a critical mistake was when they allowed their considerable cash reserves of early 97(about $30 mil.)to be squandered on what? They already had the Hinoba-An and Indonesian properties. With POG so low and Indonesia's stability so questionable, seems they could have preserved at least their one proven asset. Oh well,it's not the first microcap I've been wrong on. May be the last.

TM
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