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Gold/Mining/Energy : Peruvian Gold Ltd. PVO
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To: Jenny Pillen who wrote (164)3/4/1997 5:47:00 PM
From: Paul giannari   of 892
 
Jenny,

Spoke to Jill Brand who is a rep at the new PR firm for PVO (888)-215-5111. She said that drilling should start in 2-3 weeks. She attributed the resent rise in price to investors speculating on the Lara copper play and increased investor confidence after the four news releases in February. She also said that the recommendation's by Kaiser and Carter last week were significant contributors to the rise. ( i.e. everyone wants to buy the stock in a very short period of time - price artificially increases). This would explain the price drop today and I would expect it to continue to stabilize perhaps somewhere around 2.30 -2.50 range until drill results begin. She also said that PVO is very interested in acquisitions but would not say if something was close to fruition. I also asked a friend, who is very knowledgeable in such mining matters, and he thinks PVO has a good chance at Lara. I still hold my shares for now.

Hope this helps.
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