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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?

To: ddl who wrote (1792)	3/8/1998 2:07:00 PM
From: Lindsay Thomas Tobin	Respond to of 4256

You would think that Montello would do a little damage control early this week with a press release of some sort.An update on drilling is long overdue considering the company stated earlier that they would have some news no later than the fifth target being drilled. The news release should contain an update on drilling to date...what problems they are having how they are dealing with them and what they are going to do about furthur finacing of this play.Of course thats what a well run upfront company who are concerned about their shareholders and what they might think....but this Montello soon to be known as Mont-smello...they are quickly loosing credability with investors and are getting a bad reputation that may follow them around forever.if they don't act soon I think they will be a penny stock forever...just one man's opinon...good luck all.

To: ddl who wrote (1792)	3/8/1998 3:43:00 PM
From: JP	Read Replies (2) \| Respond to of 4256

Oh cut out the gloomy crapola! A few facts to consider: 1)Today is March 8 -they started drilling on Jan 23. February is a short month. (They mobilized prior to the 23 but if they started drilling prior to that date they would have said so in a release) This adds up to a measily six weeks. 2)A 40% swing on a 50 cent stock is peanuts. Plus Ashton is doing almost as bad on the market and they have diamonds and pipes. 3)They were not going to send any core to lab until the fifth target. Then any lab would take at least a couple of weeks to a month. Plus it would have taken half a week to get the core to the lab.(Its made of rock -its bloody heavy) 4)Montello has money plus Redwood is committed to cough up 2.5 million more by September -so they have till September to keep Redwood happy. 5)Shareholders will come and go -but Montello has very little reason to care about this right now. If the stock drops down to 30 cents -buy more! 6)Montellos fortunes do not lay with Montello right now - they lay with Ashton. If Ashton anounces a commercial mine -Montello -being next door will follow up. If Ashton goes to $25 then Montello will go to $3 even if they have found nothing to date -since the land position is so big. Relax and Take up a Hobby!!! JP