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Gold/Mining/Energy : AGM (VSE) AROYF (OTC) Ag Armeno Mines & Minerals -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (289)	7/8/1999 10:46:00 PM
From: Brian Fowler	Respond to of 317

Yea...unfortunately, that's how I'm feeling these days too.

To: Richard Mazzarella who wrote (289)	7/19/1999 6:00:00 PM
From: Ed Fishbaine	Read Replies (1) \| Respond to of 317

Richard and all: Recent developments in the saga of Armeno, Newmont and Merukh are interesting and portentous: A complaint against Newmont was filed with the SEC in late January 1999. The complainants were Lebong Tandai Group of Companies/ Gideon Minerals Inc. and their Officers , Co-Chairman Leonard Young and Preident and CEO T.L Maierle. Lebong is an Indonesian corporation which claims to "hold the Indonesian Mining Titles and underlying mineral interests in real property for which Newmont has claimed ownership." Dr. Jusuf Merukh is the Chairman of Lebong and co-Chairman of Gideon Minerals. The gist of the complaint is that Newmont has misrepresented itself in its Securities filings as having an ownership interest in not only the BATU HIJAU but also the Minahasa Mine, an Indonesian property now in production. The complaint alleges that Newmont has only an "operating interest under Contracts of Work". The complaint further states that "Newmont's share holder interest in the operating company would become of little value" if the holder of the Mining Titles (Lebong etal) changes operators and/or the Goverment terminates the Contracts of Work. In other words, the complaint alleges that Newmont does not own the mineral rights; and although its 80% interest in the mine is a valid interest it can be terminated either by Lebong or the Government. In other words Newmont's interest could be confiscated. Whether or not there would be compensation and to what degree is not indicated. The complaint wants the SEC to "sanction" Newmont, issue a cease and desist order from future claims to any title in Minahasa and Batu Hijau, require Newmont to issue a corrective disclosure regarding the ownership of the Lebong group of all Mining Titles, disgorge all profits resulting from its violations and issue an injunction against future violations. ---------------------------- Why is Merukh declaring war on Newmont? It can only mean that he believes he has been treated badly by Newmont and that he wants to get them over a barrel. Recall that last year Merukh was delighted to work a deal with AGM to vend 90% of his interest in Batu Hijau into AGM for a controlling share position plus $2 million. Likewise AGM saw this as a grand opportunity. Odds are Newmont squashed the deal. Aside from other complaints Merukh may have against Newmont, this disruption of the deal with AGM may have been based on Newmont wanting direct control over Merukh which it would lose if AGM owned the interest. This alone is enough to account for the attack by Merukh against Newmont. Should Merukh prevail will the deal with AGM be re-started? If so, this is a big positive for AGM. Thoughts and comments welcomed.

To: Richard Mazzarella who wrote (289)	10/4/1999 11:52:00 AM
From: Buckey	Respond to of 317

NOT a good association Stratcomm Media Ltd - Van Sun says Stratcomm cited by SEC Stratcomm Media Ltd SMMM Shares issued 7,952,200 1899-12-30 close $0 Monday Oct 4 1999 The Vancouver Sun newspaper reports in its Saturday edition that United States securities regulators have alleged a Florida stock promotion group with close ties to Howe Street realized $20-million in illegal profits by secretly selling shares of companies that they were touting. Reporter David Baines says that in a civil lawsuit filed in Orlando, the U.S. Securities and Exchange Commission alleges that Stratcomm Media, its subsidiary Corporate Relations Group, and their president Roberto Veitia committed securities fraud from September of 1994 to at least December of 1996. Stratcomm was previously listed on the Vancouver Stock Exchange. Trading was suspended in April of 1997 and its shares were delisted in October of 1998. It now trades exclusively on the OTC Bulletin Board. Stratcomm and Corporate Relations Group have been active in promoting many dubious VSE-listed companies including A&A Foods, AG Armeno Mines and Minerals, Goldrush Casino & Mining, Dimples Group and Seven Mile High Group.