Golden Arch Resources---GAI.V Message Board

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Gold/Mining/Energy : Golden Arch Resources---GAI.V

GAI 8.800

0.0%

Mar 22 5:00 PM EST

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To: maxed who wrote (270)	3/24/1999 7:36:00 PM
From: donald martin	Read Replies (1) of 359

I'd be reluctant to throw any more money at Golden Arch. I bought a bit in '96/'97 at around C$0.30 that I still hold. The story then was that they were going to bootstrap a modest amount of cash flow from some West Texas oil and gas wells into an exploration program in the Williston Basin. I don't know how many holes, if any, were ever drilled and was left with the impression that they were hoping for other people to do their work for them. Interest in the shares picked up again when Buffett took his notorious silver position. They had a part interest in some silver property. But again, great talk...no action. Guess we'll see.

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