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


To: Gil Kempenich who wrote (1117)5/13/2000 1:33:00 AM
From: teevee  Read Replies (1) | Respond to of 1321
 
Gil,

No independent consultant or consulting company will sign any statements endorsing the assay results from the "missing" core(for underwriting or other purposes) until the holes that had sections of entire core shipped for assay, are re-drilled, re-logged and re-split and re-assayed AND confirm prior results. I suppose any financing and/or any deal, if its not all rumor and hype, would likely have "subject to's" attached pending the outcome of the above. The halt will probably be for less time than what it will take to perform the task as suggested above. The follow up drill results had better be as good. If not, I would expect it will immediately become a 911 call for IWA and then spread to the rest of the junior exploration resource companys. As with Bre-x, if the results are not repeatable, I will be taking it as an immediate sell signal of all junior resource stocks. There is a real risk that these sorts of events can have a lasting negative impact on overall investor sentiment for an entire sector.