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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Jarett Kehler who wrote (125)1/29/1997 10:44:00 PM
From: Harold W. Davis   of 892
 
Guys,

There is no doubt that PVO has some interesting properties and plenty of cash in their war chest which could be used to aquire properties of merit. The company also has reasonable geological technical expertise.

The problem is: Company management have no idea how to diseminate news and promote their company. Take a look at their last news release. They reported that initial adit results confirm previous assay numbers from trench #7 (numbers which were excellent). However, investors should not be expected to retrieve a dated news release to determine current assays. The market yawned as expected. How does the company expect to attract attention and NEW buying with this type of stupidity? Why didn't the company report the actual numbers? Why did they expect the investing public to remember the assays from trench #7?

It's hard to believe PVO is trading at $1.60. The company has approximately $1.10 cash per share in the tresuary, and some very good properties. They need help in a bad way with their Public Relations. I've been watching this company for months with frustration and I think their Public Relations is pathetic.

It's time that we the shareholders hold management responsible for the share price. Management should be accountable to their shareholders. I encourage each and every one of you to call Mr. Henstridge personally (not the I.R. people - they should be fired) concerning this matter. Maybe if shareholders vent their frustration management will take the appropiate steps to address their shortcomings.

If management does not make changes I'm afraid 1997 will be a long boring year for PVO.

Davis
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