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Non-Tech : Sungold Gaming International (SGGNF) -- Ignore unavailable to you. Want to Upgrade?


To: L. D. who wrote (1349)12/12/1997 2:26:00 PM
From: Cheeky Kid  Read Replies (2) | Respond to of 5164
 
Questions:

1. Will we ever see that news release from the VSE on the actual short position, which they said they would issue.

2. Will the press ever say anything positive about Sungold?

3. Has anyone seen anything in the paper about the news release regarding the Michigan Indian Band Casino?

Another good thing about trading in the USA, The Exchange Rate -- 1.45



To: L. D. who wrote (1349)12/12/1997 3:04:00 PM
From: John Lawrence  Read Replies (1) | Respond to of 5164
 
L.D. The Sun article on B2 differs little.

But the article is longer. I'd scan it if I could. It includes some
discussion about whether the land is good farmland and they mention some trading by McD. St.L. in 1995.

As I see it, this interview with Kim Hart was probably a consequence of the three previous press releases. The announcement that a US company is prepared to inject $35 million (Cndn) into Sungold if Richmond Downs gets the nod has woken up both the local and national press. The Canadian press recognizes that Richmond Downs could make a major contribution to B.C., and the public wants to know about it. None of the newspaper stories have mentioned the JV with Excelsior and Premier Gaming, but the fact that Sungold can JV with top gaming management with serious financial backing means the company should be taken seriously.

As an aside, the economy in B.C. is having some problems. GDP estimates have fallen from about 3% when Clark was elected, to less than 2% now - meaning lower tax revenues. The Asian contagion will slow the B.C. economy further, because many of B.C.'s resource exports go to Asian industry. Richmond Downs will assist Clark with his budget and employment problems.