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Gold/Mining/Energy : Whitegold Resources Corp (WGO) Asset Rich, by any measure -- Ignore unavailable to you. Want to Upgrade?

To: Mikey who wrote (302)	3/19/1998 6:26:00 AM
From: Francis R. Biscan Jr.	Respond to of 378

Hi Mikey, I do believe this should be the last dilution we see for WGO. I do agree that proper promotion at the right times, would most definitely help decrease dilution, by doing it at levels closer to the underlying value of the stock. The problem is, the one who started this company ( Allen Achilles ), was responsible for the initial move from 0.20 to 2.65C, and raised most of the working capital, is not working for the company at this time. From what I understand, the team will be coming back together soon. As I am sure you know, promotion takes money, which means more dilution in the end. At this point in the project, when most of the familiar risks of a junior developing a deposit are behind it and most of the news is out, trading opportunities are usually minimal. Also, in this crummy market, promotions effect is greatly reduced and the cost/effect price is high. Though it is my opinion, that with the return of Mr. Achilles, we should trade moderately higher, the way to play WGO now is Long Term. As Mark has pointed out and everyone here knows, the value is there, we just have to wait until it is realized. Rich