MILL CITY MIY-V Message Board

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Gold/Mining/Energy : MILL CITY MIY-V

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To: Dennis (Hijacked) who wrote (56)	2/15/1997 2:05:00 AM
From: Ronald P. Margraf Sr.	of 707

Dennis, The way I read this and again it is just my opinion that is not the way I see it. I see it that Mc Donald was to take this position by agreement. MIY is the sole owner of Golden Hill and Mc Donald was to buy in. Now they don't want to. There could be several reasons for this and I would not try to present them simply because I don't have the facts and appearently neither does MIY. MMP hasn't told them either. My guess is that either they don't have the cash, the property isn't that good, the possibility of government interference or just because the price of gold is down and they don't want to commit the moneies until the market turns around. It is hard to say. The Guru brought my attention to this one and I decided to see what would happen before I took a position on it. It hasn't moved anywhere since his mention. Of course that doen't mean anything, but I thought I would check this one out before I got into it. To be honest with you I don't see anything here that makes me want to buy in at this time. Not saying it isn't a good play but now with the new current events I think that I will just stay on the side lines for awhile longer and see what developes. I think that I will really dig into this one and see if the merrit is there. It is on my buy list just like Columbia Gold is but once again that hasn't done anything. For some reason my confidence level is not up on either one. I will have to talk to these folks a few times and hear what they have to say. May the stock gods smile on you and all the rest of you Mill Citians, Ron

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