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Gold/Mining/Energy : Cambridge Minerals Ltd.---CBM
CBM 59.990.0%Dec 5 4:00 PM EST

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To: Spiney who wrote (114)5/12/1999 4:47:00 PM
From: Wayne J.  Read Replies (1) of 166
 
Spiney,

In response to your last posting--it does appear to me it has been quite some time since we had a news release update as to the progress of the Discover Canada Website!---it should be noted that my opinion is one from a shareholders point of view--thus I imagine that my patience level might not be the same as a casual observer! JMO!

I have not heard a specific time frame when we could expect further news however it is my impression ( from attending the CBM Shareholders meeting a few weeks back) that the site was being worked on ! Beyound that it would only be my specualtion as to what we might expect!

The CBM share price has drifted somewhat lower recently--however this wasn't a major surprise to me-since there hasn't been any significant news releases as of late that would initiate much interest!

I am trying to keep in mind that some shareholders purchased shares as high as .38 cents? -----so it'smy guess that the next round of news
( if, as or when there is news)--would have to be substantial to generate sufficient interest to see the share price back at those levels! JMO!

You made an interesting point when you suggested that the bids are building--I haven't been following the specifics of that lately--other then to notice that for some time theredoesappear to be a reasonable list of bids and offers on a fairlyconsitant basis! JMO!

As I mentioned in previous postings I ahve been a shareholde in CBM for several years now---I am encouraged by some of the recent efforts from the CBM Management-----it looks like progress---but let's wait and see what further news is issued so we can get a better picture of which direction we are headed and how quickly! JMO!

If I had a choice I would prefer to see news at the start of a week--rather then on a Friday! It's just my own persoanal preference--however I imagine if the the news was of the impactful variety it would most likely not make a difference when it was issued! JMO!

Best Regards,

Wayne J.
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