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Gold/Mining/Energy : Golden Arch Resources---GAI.V -- Ignore unavailable to you. Want to Upgrade?

To: Bill Potton who wrote (236)	11/27/1997 9:12:00 PM
From: JR.	Read Replies (1) \| Respond to of 359

Tom is no longer involved with investor relations. They now have Kirt on duty. Both he and the president told me today that the Linda project won't start until January. They want to tie up all the leases that touch on the pool. It is taking a longer time to locate the owners and negotiate the last few acres. Meanwhile Texas is said to have become very busy with some very good luck.They told me to expect an announcement next week regarding at least one completed well. Asked for some background on Kirt and was told that he had some very good contacts with deep pockets.Apparently he is on a lucky streak. The last project he was involved with supposedly tripled.He was very impressed with the potential of the oil side of GAI, but was very pleased to learn they had a major silver and base metal property. That's what I was able to find out for now.Myself I'm going to do a little more bottom fishing at this level. My chart calculations tell me the stock is due to turn around soon and start back up.If Kirt is still on a roll then it will get interesting very soon.Cheers, JR.