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Gold/Mining/Energy : Steppe Gold (SPE:V)
SPE 15.16-0.6%Nov 4 4:00 PM EST

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To: brian krause who wrote (1138)2/5/1999 12:06:00 AM
From: Robert Dydo  Read Replies (1) of 1248
 
Having received 4M shares at .25 per share was a little too much of a suck in while facing a value of 0.02, Dabney's offer is not only 5.5 times better, also shows that there is no a cent left or tenge for that matter in Steppe's pocket for anything. If you check the Sedar site for last financial statements you will read that 500K September payment for Kosmurun and Akbastau wasn't made either. I am afraid that hoping for better days is just asking for miracle which ain't going to happen. If gold was at 330 per oz. I would assume that SBL would lend the money, the chances of either of those things coming to life with SPE surviving in the current structure are pretty much non existing.
It was fun while it last it.
Regards
Robert
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