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Gold/Mining/Energy : Major General Resources Limited

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To: George J. Tromp who wrote (62)	2/25/1997 10:19:00 PM
From: sana	of 123

George,I am impressed with your patience, really impressed. I have a fairly decent position 14,200 shares which I have held since june of '96. In holding a stock like MGR over a long period, one must consider opportunities lost. For example I purchased Gitennes at 1.00 in June of '96 and it closed today at, 6.95. I purchased Conquistador recently at 4.65 and it closed today at 5.80 (and is expected to go much higher. Hope springs eternal and maybe MGR will also,however had you sold your position, taken your loss and reinvested in something else might you not be further ahead? Had I sold my MGR at .55 (purchased at 1.30) and purchased more Gitennes I would have been about $15,000 ahead. After saying all this i'll still hang onto my good old MGR awhile longer and hope. One other problem I see is that there are so many people with so much stock that when it does move into that dollar plus range people will be bailing like rats off a sinking ship. Ah yes buying opportunity.

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