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

To: John Stokes who wrote (674)	2/21/1998 12:07:00 AM
From: Robert Dydo	Respond to of 1248

I think, John that it is very important for us notice the transition of SPE from exploration junior to small to mid size producer. In situation of an exploration company the political climate may have less impact than next drilled hole, while for producing company almost every step made by the local government weights heavily on future of the operations. I think the pressure of this sort exists here and I think enough has been said about origins of this situation. While this factor can create the market malaise, the positive set of switches can act like a trigger to turnaround. It does not take much for institutions to take a load of shares and this is a matter of minutes or even seconds. What goes on in the back room may look completely different from what we see on exchange at the moment. The presence of those switches are showing off in financial NRs, talks about rich geology, property locations, skills in obtaining permits thus examples of local "know-how". Time will tell but final approval after technical and legal DD is one of them. Second could be a major on K&A. Third production figures, additional reserves, drilling and so on. We know that Yorkton is watching and recommends the stock, who knows for what type of the trigger others are waiting for. Majority of action takes place before individuals get in and ends while they are buying. There are exceptions to the formula but is very difficult to be right all the time or even half the time. We have the benefit of active president, stream of information and who knows maybe we are position the best out of all? I believe so. Let them do the work and judge them by it. Regards Robert