A change of heart....
Bishop says things looking up for Aurado
Aurado Exploration Ltd AEO
Shares issued 41,308,610 Mar 9 close $0.065
Tue 9 Mar 99 In the News
Robert Bishop, writing in the Feb. 23, 1999 edition of his Gold Mining
Stock Report, says Aurado Exploration is a hold at seven cents. Mr. Bishop
recommended the stock in May 1998 at 28 cents amid optimism for a joint
venture with a Cominco subsidiary. The joint venture was formed to explore
Cominco's property at San Nicolas, Mexico, acquired ahead of Western
Copper's discovery in late 1997. In his recommendation, Mr. Bishop noted
the quality of Aurado's managerial and technical teams, as well as the
quality of its land holdings. By January 1999, however, with the stock at
6.5 cents, Mr. Bishop had lost his taste for Aurado and said he planned to
sell during the year. In the current report, the respected California
letter writer's optimism has returned somewhat. He notes that the joint
venture with Cominco planned to begin drilling at the Amapola claim group
at the end of February, and may begin testing others. Further, he says, the
Aurado market has shown recent, though negligible, signs of improvement.
"And where the drills are turning, there is at least the prospect" of
regaining some losses on Aurado. |
