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Gold/Mining/Energy : Golden Hemlock(GHE) -- Ignore unavailable to you. Want to Upgrade?

To: snorkel who wrote (506)	10/28/1997 12:09:00 PM
From: Hugh M.	Read Replies (1) \| Respond to of 909

Snorkel, if I had to pick one element that has hurt GHE recently, I would say the lack of a deal with a major. There has been discussion and rumors for 6 months regarding a deal with a major, yet nothing has transpired. I am sure the company is low on cash, but needs a major's pesos to fully drill out this property, and see what they have. A hole here or there is not cutting it. The distinguished R. Dydo argues that by the co. funding it's own drilling program, they will not have to sacrifice the property with an unfair deal. While he is quite correct, a few new holes will not change the markets view of GHE, unless they hit the elephant. My argument is, take the deal, drill the property, and see what is there. You can also add any of the following: 1. price of gold 2. market correction 3. rather high float 4. lack of pr/news 5. tax loss selling Hugh