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Gold/Mining/Energy : St. Jude Resources......V.SJD -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (2855)	4/5/2000 2:06:00 AM
From: russet	Read Replies (1) \| Respond to of 3065

Now this Lizzy I know (ggggggggggg).

To: Elizabeth Andrews who wrote (2855)	4/5/2000 10:53:00 AM
From: Furry Otter	Read Replies (1) \| Respond to of 3065

Forgive me if I am wrong, but it seems from your previous posts that you do not want different management, you want a different company. While I do not know if you are a shareholder or not, if you are, I can see why you would to continue with current management, because they seem open to the idea of dabbling in non-gold ventures until the price of gold improves. Assuming St. Jude remains a gold exploration company, however, there are different strategies one could follow in the current market, given the assets St. Jude has available. For example, drilling and assaying may not move the stock price, but it may be well-advised nonetheless, because current demand for these services is low, there is an abundant supply of labor, and consequently extensive drilling and assaying can be achieved at a very low cost. As another example, other gold exploration companies might have significant interests in attractive properties that can be obtained at bargain prices, again given the currently depressed gold market. If and when the price of gold improves (and even the most bearish concede that it will, eventually), these activities and interests would enhance St. Jude's value. The debate seems to be whether to engage in the above, or to continue to essentially mothball the company and pay current management lucrative salaries to explore other, non-gold market-related ventures (e.g. ergonomic chair companies). While I have not yet decided which strategy is best, I can grasp the logic of replacing current management with persons who would aggressively evaluate the company's options and develop a viable business plan to be communicated to shareholders. I do not think it is necessary or even possible to develop this plan before a proxy contest, since much of the information needed to develop it is only accessible to whoever is in charge. Best regards, Otter