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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: Nathan Hansen who wrote (57)12/19/1998 9:46:00 PM
From: keith massey  Read Replies (1) of 5053
 
I wrote off the Bolivian property based on last years drill results. I was very surprised when they announced additional drilling on the land since I thought they had already written it off.

Might as well throw a couple of numbers to the thread for people who don't read Sedar.

As of Sept. 30
Cash-$21,181,000 Liabilities-$97,000 Burn Rate-$86,000/month
Investment in Loma de Niquel $2,985,000
Shares out 29,067,000
Cash per share (.72/share) - not including investment which I am writing off as zero until realized.

How this one ever got to .31 in August I will never know. The thing that still puzzles me is the huge block (100,000+) that keeps showing up at .50-.55. I want to know who is trying to keep this stock down and why???

Best Regards
KEITH
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