GITENNES Exploration (ase:GIT) Message Board

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Gold/Mining/Energy : GITENNES Exploration (ase:GIT)

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To: Moneysmith who wrote (1064)	12/2/1998 6:02:00 PM
From: charred	Read Replies (1) of 1092

Ken, the company had to do something. It seems to me the company is out of cash and needed this deal. There a 250,000 loan attached to the deal. The fact is that Gitennes did not have the mult-million ounce deposit which the so called experts said it would have. At least the property has a good chance to be mined. Along with the La Arena, there is over a million ounces. The company is just another Junior with cash with no significant asset. 4.0 million cash CDN/26.5 million shares = 0.15 cents a share. Quite a drop from 9.00. Cheers

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