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Gold/Mining/Energy : International Riley Resources (V.IRR)
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To: StockJock-e who wrote (1)3/6/1997 5:15:00 PM
From: Roger Myers   of 136
 
Hi Stockjock-e,

I too have just come across this stock and find it especially appealing. I forgot to mention in my previous post that they are currently in negotiations with a potential JV partner on their North West Territories diamond property.

Riley Resources Ltd - News Release

Charliot JV negotiations

Riley Resources Ltd
RYR
Shares issued 19968765
1997-02-19 close $0.23
Wednesday Feb 19 1997
News Release
Mr William Trimble reports
The company has entered into negotiations with a potential joint venture partner
regarding its CJ claim group diamond exploration project in the Lac de Charliot
region of the Northwest Territories.
The CJ diamond exploration project has been the subject of an extensive program
that has delineated several untested drill targets. An announcement will be made at
the conclusion of negotiations with the potential joint venture candidate.

Of special signifigance, historical anaylsis has shown this price level to be a buy. Here's a list of the last 6 years and its subsequent 52-week high.

1991--.37
1992--.80
1993--.45
1994--.32
1995--.90
1996--.45
1997--??

This may be elementary thinking, but .19 cents has never been the 52-week high. Hopefully history will repeat itself so we can all benefit from a current weak share price.

Good luck,
Roger
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