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Gold/Mining/Energy : PLAYFAIR MINING - PLY . V -- Ignore unavailable to you. Want to Upgrade?

To: TrueScouse who wrote (258)	8/3/2001 6:52:22 PM
From: marcos	Read Replies (1) \| Respond to of 505

They've only got 300k in the bank, if they drilled now they would absolutely have to set aside say 100k for survival in the event of a bust drill programme even if they were running the company out of a basement with minimal cash burn ... that leaves around 200k, ~1.2m nuevos pesos mexicanos ... not much ..... as a casual speculator with a tiny interest, sure i'd like to see them drill on a shoestring and hit big on hole number three and we all get rich quick with no sharepaper dilution and no property dilution, and hey why not throw in zinc going to three bucks US ... life so rarely grants my wishes, however, and so perhaps Claude is thinking more responsibly, maybe Playfield could scale back their expectations and consider some JV offer for the whole property [if - and it is a bit IF - they have been offered a reasonable deal on the whole property] ... cash on signing, that's no big attraction to the shareholder, better to go for the healthy NSR and/or carried property interest .... something like Anatolia has with Río Tinto ... and cut the g.d. cash burn! ... but at the end of the day, lacking full knowledge of the situation, i remain holding, cautiously hopeful, toes crossed, with no fully formed opinion either way

To: TrueScouse who wrote (258)	8/3/2001 7:24:37 PM
From: Brumell	Respond to of 505

Let me make just one small change to the statement, Howy. <<< I believe PLY can show a causal relationship between bedrock and anomalies by drilling. I believe management KNOW they can too. When they do, PLY will fly. >>> Brigg's is one very relaxed President. He said he can get the money. He also said where he can get the money.... but he didn't say on what terms and when he would get it. By the way I received an e-mail asking if I was sour on Briggs and PLY. The answer is not at all. Briggs is a very entertaining chap doing his thing. He enjoys his work and it shows. In many respects PLY have been open and transparent in efforts to keep shareholders informed. However, it's obvious management have their own agenda. That is not being disclosed.... but then it never is, is it.. LOL.