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Gold/Mining/Energy : St. Genevieve Resources (SGV.T & SGV.M) -- Ignore unavailable to you. Want to Upgrade?

To: philip trigiani who wrote (63)	11/25/1997 4:12:00 PM
From: Francois Bedard	Read Replies (1) \| Respond to of 140

I couldn't agree more. Both KWG and SGV have looked like great buys as they dropped continously for the past 1.5 years (post Cuba hype). It's really time to put up or shut up for these guys. All we keep hearing is that they have great properties, etc,etc. but this only creates diversion which sucks the novice investor (like I used to be) in. They can not seem to concentrate on one promising project and bring it to fruition. There is always a good reason (transportation costs too high at Amestitovoe, logistics in Cuba, etc.). They need to show that they can generate cash flow before I am putting another penny into these losers. If you have lived through the Cuba hype, then the Falconbridge JV hype, then the Russian acquisition hype and finally Cupey, then you know that you'd better wait for some proof before getting in , even if this means getting in on the first floor... things CAN go down to 0 in a bad market even for the most promising properties. Now I don't think this will happen to SGV/KWG but they might be in the tank for a while, especially if Cupey does not pan out (very likely). I could say a lot more about Explogas, Spider, etc which are all smoke and mirrors as well to keep the news flow going, but I will restrain myself... Francois