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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: Bernie Koppenhofer who wrote (3756)	5/29/2002 10:43:11 PM
From: hank2010	Read Replies (2) \| Respond to of 4269

Bernie, I agree that they are depreciating a good land holding. With the low price of the shares they are seriously diluting the existing shareholders every time they do a financing to raise exploration money. The shame of it is that both Inco and Falconbridge wanted to do jv option deals with them on separate pieces of the property. After 7 years of playing games, you would think that management would welcome someone (with expertise, deep pockets and experience in the area) with open arms. I believe this is Flag's only salvation. I have also made the point that blind support for existing management and their exploration programs has done nothing to enhance shareholder value in all that time.