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Gold/Mining/Energy : Primo Resources - PRI.VSE -- Ignore unavailable to you. Want to Upgrade?

To: Leigh McBain who wrote (558)	4/6/2000 3:40:00 PM
From: tom shelby	Read Replies (2) \| Respond to of 579

Thanks for the update. My guess is that the property payments had specific due dates. However it would be typical that the JV agreement had a notice provision (usually 30 days) to correct any defaults. So while Primo made a late payment there is nothing that GL can do other than piss and moan. Cash calls usually require at least 30 days notice and I have seen some that require a 6 month budget or even a 12 month budget so that all JV partners know what the requirements. Usually these type of provisions are ignored when dealing with a fast moving project.

To: Leigh McBain who wrote (558)	4/6/2000 5:38:00 PM
From: trevor holaday	Read Replies (2) \| Respond to of 579

Dear Leigh, It is very unusual to have a secretary take a finders fee when she does not even know what a private placement is. When I asked her she had no clue what I was talking about. Funny how she is also Kens' daughter and from the annual Ken owns no stock. As far as the financial where-with-all how does a company that has just raised 450,000 cdn less finders fees and ongoing expenses and property pmnts expect to meet a cash call of 525,000 cdn. Just trying to keep the record straight. Over and out.