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Gold/Mining/Energy : Spider Resources - SPQ.ASE -- Ignore unavailable to you. Want to Upgrade?

To: ToySoldier who wrote (312)	3/5/1998 7:40:00 AM
From: Barry	Read Replies (1) \| Respond to of 471

Skelly, Sorry, I didn't even finish reading the news release before I had to go. Just thought it to be important to make us all aware of the news release asap. From what I read, it looks promising. I especially like the possibility that it may a lamporite. Some very large stones have been found but the market may still be able to spell indigestion ..(BRE-X) in those far away lands...The sample that they recovered a micro, 5.3 Kgs is a very small sample of core to be found iamond- ferous I don't believe they mentioned how much was sent to the lab in total. The rest of the release looks like hype.. "a 107 carat diamond was recovered " in 95 etc. really doesn't say allot except they believe they're in an area that diamonds have been recovered, from elluvials no less. I once won $4oo bucks at the horses once on a $20...no guarantee I'll do it again... They need to get their bulk program going... 97 million shares outstanding.....Need to come up with another million dollars for KWG "by completing $US1.8 million in expenditures prior to the end of 1998". ... Where is Spider gong to get their estimated cost $US500,000 money to do the work, never mind KWG kicking in costs? I like that there is a recommendation to go ahead with the project. But some of the questions above need to be answered.. I still strongly believe we'll see a consolidation of shares.. perhaps on a 1 for 10 basis... quite possible with accumulations at this price. Who's buying ??? hope this helps...if not blame it on my cold(or I will) ;) ToySoldier, I would think the WEB site is down because of lack of money when the St. Genivieve group found a $45 million dollar (I think) mistake. SPQ should get their own site up & running as their is hardly an investor out there that doesn't use the net now. good fortunes,,,barry