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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: John Barendrecht who wrote (101)1/16/1997 10:48:00 AM
From: Robert   of 892
 
I've really lost patience with the management of this outfit. The re-pricing of warrants is unlikely to benefit the holders if the net result of this process is that the market concludes that management itself has no confidence in its future. At the very least, why not release this type of news after some progress has been made on the property. Inject this release into a "No News" market, at a time when gold prices are in a slump, and guess what happens: volume dries up and the share price collapses yet again. At this point, my hope is that they will take the $15M in cash, and invest it in the shares of more prospective companies. Regards, Robert (a disgruntled shareholder).
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