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Gold/Mining/Energy : Argosy Mining
AGO 89.94-0.5%Jan 9 9:30 AM EST

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To: jon wilson who wrote (108)3/15/1997 1:59:00 AM
From: IDT   of 165
 
Jon: Here is what they had to say:
Argosy Mining is no longer in our portfolio. The shares hit our sell-stop of US$1 in early February. We had already taken profits on half our positions in June 1996 for a profit of more than 400%. We held the remainder, at absolutely no cost to us, in case the company struck it rich in their mining prospects in Slovakia. They are still mining, but the results are nothing to cheer about, yet. But since the shares hit our sell-stop at US$1, we're completely out. Hopefully you sold the remainder of your shares and locked in even more profits. If you haven't, then do so on any bounce back up to US$1. We will continue monitoring Argosy for the prospect of future windfalls.
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