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Gold/Mining/Energy : Minefinders, MFL -- Ignore unavailable to you. Want to Upgrade?

To: GeoDude who wrote (377)	4/9/2002 9:11:23 AM
From: Dan P	Respond to of 578

Thanks for the update: we are in the midst of a correction in the gold/major/junior sector, so a pullback is normal. How far or how long it goes is anybody's guess. Gold is trying to hang in around US $300, so we'll see. Management has demonstrated that they do know how to manage the finances prudently, as they have raised money mainly at higher prices, and conserved cash during leaner times. Dan

To: GeoDude who wrote (377)	4/9/2002 11:11:23 AM
From: Bat Man	Read Replies (1) \| Respond to of 578

Actually the shares that came on the market yesterday were from a mutual fund in the U.S. They had 64 k to sell at 2.90 and it still looks as if there's some left. At the rate this Co. trades that could depress the stock for several days. POS/POG is not helping right now either. There will be news soon on the silver upgrade that was mentioned on a previous NR. Also two holes from El Malacate are at the lab for assay. Drilling will start at Dolores late April/early May. The resource at Dolores could double in the next year with some good results from deep drilling and lateral expansion. The deepest hole at Dolores was drilled to about 300 meters. I own this stock. Elmer