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

To: Robert Dydo who wrote (724)	3/9/1998 8:07:00 PM
From: John Menzies	Respond to of 1248

I perceive a real change in the sentiment of the governemnt to assisting the foreign investor in Kazakhstan. The president and some others in government are now much more aware of the sensitivity of companies and their shareholders to comments and actions of government. This was probably brought home in the recent visit to the USA and the head of government meeting and the recent meeting of foreign investors in Almaty. I To the future - onward we march. As I have always said I perceive a very bright future for this country with strong leadership - well tranined professionals and a wonderful resource base. Regards John Menzies

To: Robert Dydo who wrote (724)	3/9/1998 8:10:00 PM
From: John Menzies	Read Replies (1) \| Respond to of 1248

WWS Press Release - a bit of * just in case you missed the text - the last para which brian referred to is: World Wide has canceled for the present time its plans for a rights offering of shares. Instead, the Company will be seeking capital in the international private placement market and will integrate this with equipment financing, other export credits and short term funding that is expected to be available. World Wide has been informed by the Government of Kazakhstan that the Government recognizes that it has a responsibility to repay the Company's investment in that country. However, no offer of compensation has yet been received. Any proceeds from settlement of these issues will be employed as part of the capital of the Company when received.