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Gold/Mining/Energy : Ontex Resources (ONT Alberta) -- Ignore unavailable to you. Want to Upgrade?

To: wharryr who wrote (425)	10/18/1999 2:53:00 PM
From: mark warburton	Respond to of 519

Great point Rob, Anyway back to Ontex. Anyone can go back on my name or even to the beginning of this thread and see whole heartedly that I believe in the merits of the Ontex properties. I have watched this company struggle through the courts trying to win back what they truly believed was theirs. I bought in right after the court decision was finalized so no I am not a loser Tim I actually have significant gains. This company has always had the promise that the fault would show continuity up and down the strike zones and that one day with a lot of drilling and good Fortune ( oh how ironic) this property could pan out to be an unbelievable gold deposit. This years drilling has tested a number of areas on the fault at reasonbly shallow depths ie the 250-275 metre levels. In Brookbank the drilling discovered that the ore body expanded immensely in grade and thickness between 1000 and 1500 feet. We have yet to see the depth holes on the majority of the Ontex properties. Off the top of my head I believe 1 hole was drilled below 300 metres and that was in the Brookbank deposit area. What the drilling is proving at the moment is that the gold seems to be fairly consistent in grade and comparable to the numbers in Brookbank at those depths. The larger interceptions will come when the deeper holes are drilled. In addition work by Placer was carried out on Cherbourg. Dr. Morganti was truly excited about the potential bonanza type finds Ontex could discover when the 2 Cherbourg gold zones meet the contact. I am hearing we have a hit. Big time! On the contact as predicted. Should this rumour be correct then can we assume that if the gold is on the contact at Cherbourg, Brookbank, Brookbank East and Foxear that all the talk and hype with this company may becoming to the forefront and that yes this is Ontex entering the big leagues. Recently a very large position in Ontex was swallowed up by 7 investors through IPO Capital. Seems to me someone was not so shy about taking a major stake in the company. Of course shortly thereafter you start to hear some talk about why would Fortune part with there "CORE ASSET" there words not mine. Why didn't Fortune exercise their warrants? Why have they not completed there normal course issuer bid on fortune? Why is there stock bid 45 cents a new low on the year if it trades there? Why has no major taken an interest in NICO? Why did the Ontex resources release mention conflicts? Why has Ontex gone down in value since the agreement was reached? Why has gold rallied and Ontex failed to bring new investors to its stock? Why did Fortune buy in when gold was trading higher and sell when gold was trading lower? (good contrarian indicator) Why has Fortune decided to drill NICO some more? Why does Lakefield question aspects of NICO? Hey anyone out there with all the answers send em to me. One common link seems to be consistent with every question. Only questions. I want results! Oh by the way now that my financial investment is significantly higher then that of Fortunes non existent investment would it be too much of me to ask that the CEO and President of Ontex should be someone with an investment and a fulltime commitment to the project? Mr. Goad, I truly beleive, in the best interest of both companies, you should step down and resign one of your presidencies. By not commiting 100 percent of your efforts to Fortune and not commiting 100 percent to Ontex you are in fact doing neither company the justice they deserve. If Fortune and NICO are where your heart is at, please, accept that challenge before you and run with it! You have a major find you discovered, now go and prove it to the world! I wish you all the best, your shareholders, and any and all of your associates. I am also hoping all the best for all the Ontex shareholders whom sit back waiting for direction. After years, these investors truly deserve nothing but admiration for their long standing commitment behind the company. May the tommorrows before us bring change. Sincerly Yours Mark Warburton