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Gold/Mining/Energy : Steppe Gold (SPE:V) -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (609)	2/9/1998 11:04:00 PM
From: Steve Johnston	Read Replies (1) \| Respond to of 1248

Kazakhstan goes undefeated, after two games at the Olympic Hockey Tournament in Nagano, as they face Slovakia tonight. Look out Canada and the U.S.!!!!

To: RMF who wrote (609)	2/13/1998 12:26:00 AM
From: brian krause	Respond to of 1248

Had to think on this for a while. (1) Management may be as committed to holding on to there shares as we are or more so. I think that they actually believe that they have a mine here and huge potential for further exploration as well. (2) Some of the paper they hold is at much higher prices.Although this page needs to be updated to show the latest few PP's it has a few warrants listed at the bottom. steppe-gold.com (3) Why would an insider buy before a news release? The price always drops following one ;-) (4) If this company can operate in Kazakhstan all who own it when it is valued for its minerals will be very happy. (5) Whens the next news release? I don't think they have been drilling for a while. Standard Bank could be any time from now to a couple more months. A JV could happen on K&A or other project. Some high profile dude could join the team. I don't know. Triing to be patient bk

To: RMF who wrote (609)	2/18/1998 8:54:00 PM
From: John Menzies	Read Replies (2) \| Respond to of 1248

Have had a few emails along the same line recently. Just to put the record straight - the warrants were attached to the common shares which we obtained via private placement - we put our money into the company's treasury at a time when the markets have been challenging to say the least. We have invested in the company at higer prices and have been ahppy to do so. The number of options which the directors have issued to directors and employees is small and way under the number which would be allowed. Look at the level of support and commitment we have given this company and find a comparable one out there - I will await you reply. Check the records you will find that there has not been a lot of selling on the part of the directors or management.