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Gold/Mining/Energy : Pacific Galleon Resources -- Ignore unavailable to you. Want to Upgrade?

To: andrew r harwood who wrote (418)	12/3/1997 10:44:00 PM
From: RMF	Read Replies (1) \| Respond to of 443

Guys, I've got a little Galleon that I'm stuck with. They will have to rollback or consolidate in some way. I seem to remember Karl was going to travel all over the world to view first hand the efforts of Galleon. Karl where did your travels take you, I don't remember any travelogues. Maybe the people on this thread will remember the people that kept them in this stock and will avoid them in the future. I don't mean you gtr. have patience and ye shall get hurt micap

To: andrew r harwood who wrote (418)	12/4/1997 7:57:00 AM
From: Bill Shugarue	Respond to of 443

Andrew:...Yes, it is true that I was expecting $3.00 a share for PFC and that they could have millions of ounces of gold on their different properties worldwide. That was before the Bre-x scam, before the price of gold dropped to below $US300 per ounce, and before nobody wanted to own any junior gold related stocks. Yesterdays (Dec 3rd) edition of the Globe & Mail showed that 138 companies on the VSE reached a new 52 week low trading price for their stock. Todays paper showed 128 companies with new lows. That meant that 128 of the 138 are still heading south. It is very unfortunate that things are not currently rosy in the junior gold mining sector. When you read the newspapers, nobody seems to know when things will turn around. I have been told that the company has enough money to keep the company going till the spring. At that time they hope to do a private placement to continue work in the Yukon. I also understand that they plan to do a joint venture on their West Africa properties early in the new year.