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Gold/Mining/Energy : Montello Resources

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To: griz who wrote (3023)2/5/1999 7:49:00 PM
From: FRANK KENDRICK  Read Replies (1) of 4256
 
Hi Gang,

Apparently there was communication problems between my house and MEO's office. I appreciate the effort. Rumors happen all the time...good and bad. What frustrated me was this market action was too fast. I asked MEO about this. They feel strongly a news leak didn't come from them and have asked the ASE to check into the trades that day. I appreciate that as well. I agree with those of you that held...it was crazy to sell unless the drilling was to stop as a result of the findings. That doesn't appear to be the case. Again not enough information on the kimberlites and 18 targets to be drilled by 3/15/99.

Concerning the Calling Lake area...Why did MEO sell 50% of their holdings in that area to another company in a JV for what looks like little money? If great chemistry and G10 garnets, why so little?

See ya'll in the Bahamas!!!

Frank K
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