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Gold/Mining/Energy : mansfield minerals inc -- Ignore unavailable to you. Want to Upgrade?


To: jerry janko who wrote (1100)8/21/2000 11:38:42 AM
From: ogi  Read Replies (1) | Respond to of 1193
 
Dear Jerry & Gerald:

The failure of the drill program at C.S. was a very great disappointment to many not the least of whom , I suspect,
would be the folks at Mansfield who stand to benefit more than anyone from success. It is very hard not too get down on yourselves when all does not go as we envision the story unfolding. However, I think you are being far too hard on yourselves and on MDR I might add.

Surely, you don't think that they held out for so long against someone who was essentially trying to blackmail them
so that they could fail and get cheap warrants do you? No. They did do a financing, by the way, after the stock got from $.40 to over a dollar and if memory serves me right there was a great deal of criticism of that deal at the time on this thread, now they are being criticized for not financing!. Of course they will reload after a drubbing like this and so would you. Their goal and ours remains to find an economic deposit and that story is not over in my opinion.

Nor, is Cerro Samenta over yet until I hear Teck and Mdr have walked away from it and that hasn't happened yet. I was told by MDR that they are reviewing C.S. still and that Teck has kept the camp in place with a couple of people on hand since the poor drill results. So for now MDR is still financially viable, have several good prospects to be drilled soon and C.S which has been written off by everyone but might and I say might, still see another drill program.

MDR. at over $2.00 was way ahead of itself on the hopes of C.S without drill results. Look at all the juicy drill results and other prospects Inca Pacific have and can't keep the price over $.80. Too bad we can't play these all with hindsight but I don't think MDR deserves to be dumped on because one drill play didn't produce a mine. Let's try selling a little too early, a little too late and still have some on hand for the homerun.

Cheers, Ogi