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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Barry Smith who wrote (109)2/2/1997 3:56:00 PM
From: David R. Schaller   of 892
 
Barry, you asked on another thread if I would buy PVO. I just finished reading every post on this thread & will order in an annual report & set of press releases. I have been partial to companies working in NW Argentina. But, might do well to diversify. My concerns would be as follows:

Do we know the geologist running the show? What's his track record?

What other properties are they working on & at what stage are they?

Has the Institutional Investor been turned off. (I noticed on the thread some glee that they had gotten burned on warrants ect. Not good!)

How much of the recent softness in price is due to poor reporting & how much to poor results?

Is the management straight shooters? I don't like priviledged leaks & I doubt anyone else does either.

I have to admit that I'm not as enamored as some with the companies cash position & $1.10/share book. There's plenty of money around if the target properties hold promise. I see this as essentially a $.50 stock. I compare it with Aranlee for instance which is at $.70/share, has a world class geologist on site, Clive Johnson on the board, and several hot properties. I dont have unlimited funds so a choice has to be made. I won't buy PVO to buy cash. But, I'll take a look. Thanks for the lead.

Regards, Dave
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