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

To: Robert Dydo who wrote (673)	2/20/1998 11:18:00 PM
From: John Stokes	Read Replies (1) \| Respond to of 1248

I understand what you are saying Robert "who is at fault?" and to me this is not a blame condition and should not be addressed as a blame condition but relates to a market condition that promoted the current malaise in the gold mining sector and as you realize many mines have been closed all over the world but the picture I have here is one here of legal rights and the K... have acted in a tyrannical fashion. The question I have is will fund managers take the risk under this current cloud of mistrust and venture in smaller companies like SPE. I don't completely understand the terms of the new financing but I believe there was mention of a 2 million share issue with other types of guarantees (gold hedging) for the loans. So far what we have been reading from John Menzies reports are a growing faith in the larger more stable Blue Chip companies and I wonder how long it will take to transfer some of this faith to smaller foreign ventures.