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Gold/Mining/Energy : Armada Gold 10 Million oz of Gold & 1 billion lb of Cu ! -- Ignore unavailable to you. Want to Upgrade?

To: ASHLEY5 who wrote (359)	1/26/1998 7:00:00 PM
From: Syncrude	Read Replies (1) \| Respond to of 552

I find it hard to believe that you would think that Armada is anything other than a speculative stock! They have assets, yes. Will they be able to hold on to them is another matter. They are in a weak position and cannot, at this time, extract the full value of these assets and are therefore at the mercy of other companies. I agree with their strategy of developing the copper side of the house as they have a partner to do it. I know what a data room is. It is just that I have not seen reports of one being opened up by Armada. If this is the case, then I don't see the stock price move up very much, given the markets for gold (even with the current rise).

To: ASHLEY5 who wrote (359)	1/27/1998 10:14:00 AM
From: stockman	Respond to of 552

Hello Ashley I am dissappointed in this company as well. I thought it had a lot of upside potential. I never bought it for the copper production but this may be the segment that cause the price to move. There was a news release a little while back with the copper plant expansion and financing for it. The Japanese company that is buying the copper is financing the expansion. So at least that sounds secure for now. I don't know how their working capital looks however. I know that the expansion will take some time. I beleive the expansion is going to increase production by 6 times. So if you multiply the current share price by 6 then we should be sitting at $1.50(6 * .25) when everything is completed. Time will tell!!! Please write me back if you have any ideas that you have. Maybe if we work togther there may be some more satisfaction for us both since this thread is all but dead. Try to keep your head above water. I know it isn't easy c ya stockman