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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?


To: Dale Rustebakke who wrote (555)2/12/2000 2:41:00 PM
From: Roman de Guzman  Respond to of 1321
 
IWA came out of the Grave
I have been holding this stock since Frank promoted this in NY in 1997 when IWA traded at $1.49. I sympathize with his 2 seasoned promoters who quit or fired because they could not get the stock moving. Now, they are probably banging their heads because I am sure Frank C, would not get them back. The truth of the matter was that the president was very aggressive with his drilling program with the conviction that eventually, this junior company can become profitable.
Make no mistake, they have their own milling plant in place to start their own milling in the summer of next year.
The BC government had approved their application to prop up their own economy and understand that they were even subsidizing some juniors to stay alive such is the case of
Imperial Metals.
My only regret now is that I did not subscribe to their flow through shares at 15 cents that they offered to me and the young kid in Andrew almost guaranteed that the stock would shoot up to a decent level. I guess Andrew and Frank would be counting their mullah within the next six months especially when gold reaches $350. Many analysts had predicted that gold would be in the upper 300 with PDG announcing that they will stop their hedging strat. I am pretty sure that Barrick would follow suit or they would be unpopular to many gold bugs.
I have by the way got 10,000 shares last year at an average of 24 cents.

The above is based on my discussion with Frank and Andrew. Do your own DD before you make your decision. Even the moving average chart is a strong buy.