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Gold/Mining/Energy : GITENNES Exploration (ase:GIT) -- Ignore unavailable to you. Want to Upgrade?

To: snorkel who wrote (857)	10/25/1997 3:11:00 AM
From: Grant Stewart	Read Replies (1) \| Respond to of 1092

News will be out by the end of the month for 4 rio suro holes and 4 at alumbre. 3rd drill has been added, U/G work to start before the end of Oct as well. Hiring more geologists and will be spending about $1Million/month. That's quite a burn rate eh? Have $10 M from the recent financing. About 12 protfolio managers thru a Yorkton sponsered visit to the prop. on Nov 8th is to take place. Then on Nov 13-14 another group will visit the prop.. RBC is buying and expects a target of about $12. All for now. Grant

To: snorkel who wrote (857)	10/25/1997 11:47:00 AM
From: Bat Man	Read Replies (1) \| Respond to of 1092

I don't think it's a DOG, but could turn out to be, like all the other Gold stocks.. Look at the price of gold. If prices stay down for much longer there will be a lot of gold mines closing. It looks as if the Central banks are going to keep the price down for a while longer. The Globe says today the Swiss are about to or in the next couple of years unloading 45 million ounces. Prices always take a major drop on announcements like this even though it won't happen for a while. I'm not sure why they have to announce anyway. I guess the Swiss have to pay back the Jews for the Wealth stolen from them by the Nazi's and deposited in Swiss banks. Anyway 2wks ago I talked to GIT IR. and was told an announcement was coming in about a week. It's been slightly delayed, hopefully next week when the gold market has recovered some of this weeks loses. I my (OPINION)and it probably doesn't count at all, GIT is a good Stock especially at these prices. EA