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

To: shalom who wrote (241)	12/9/1997 6:02:00 PM
From: Jim Ilchyshn	Read Replies (1) \| Respond to of 359

I don't believe you have to worry about that at this point. GAI still has valuable assets and is actually bringing in revenue of $20,000/month from its' Texas JV properties. I believe there is a lot of support at this level and am looking to increase my position. - Jim.

To: shalom who wrote (241)	12/9/1997 10:18:00 PM
From: midbob	Respond to of 359

That is a very good question and I am afraid I don't have the answer. I don't believe that GAI will hit zero as they do have revenue coming in from property in Texas. I believe that the current prices are a reflection of tax loss selling and the fact that we keep hearing about positive news and nothing materializes. I have several shares in this company and have had them for several months. I have noticed that when someone makes a comment about news coming out and nothing happens the share value drops. I can only relate this pattern to investors getting nervous about a lot of idle talk. Bre-X has left many investors in the resource sector nervous and when companies say something and don't deliver it scares them and they jump ship. I believe we will have to wait until the Linda Prospect starts to produce good results before this stock will move. I hope the company will remain silent on news until they have something concrete to say, regardless if it is good or bad news! midbob