Int'l Pursuit (T.IPJ) Message Board

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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: GlobalMarine who wrote (763)	2/22/1999 10:07:00 AM
From: Ron Everest	Read Replies (1) of 835

Rand It would seem that they spent the money exploring on the N Kalimatan cluster formations. They last reported $2.4 million in the kitty then there was a pp which raised $1.2 million a couple of weeks back. My read is that they have mothballed the company, likely until either AU prices improve, CU price improves so they can market Hinoba-an, or the situation improves in Indonesia or Mongolia such that they can get JV(s) going. A sorry state of affairs IMO. They have not kept shareholders informed and they do not have an IR that knows anything anymore. Backburner stuff. Best regards, Ron E

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