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

To: Don Marano who wrote (536)	3/22/1998 9:44:00 AM
From: DavidO	Respond to of 749

IBD ARTICLE DATED 3/23/98: I don't usually post to this group and am not a shareholder but did find this article today so thought I would scan and post for the thread. I try to fix any mistakes that occur from the scan but may miss a few. ALTA GOLD C0. ALTA GOLD Co. ANNOUNCES $24.4 MILLION PROPOSED LOAN FACILITY HENDERSON, NV - Alta Gold Co. (Nasdaq National Market: ALTA) an- nounced that it has signed a term sheet for a $24.4 million production financing and working capital facility with a con- sortium of lenders led by Gerald Metals, Inc. The proposed loan facility is com- prised of three components-a term loan, a working capital loan and an equipment loan. The purpose of the proposed loan facility is to put Olinghouse into produc- tion in the third quarter of 1998. Con- summation is contingent upon completion of customary due diligence and loan documentation, with closing expected to take place within thirty days. Mr. Robert N. Pratt, President and Chief Executive Officer of Alta Gold, stated: "Qbtaining this loan facility will alow us to put Olinghouse into produc- tion and also presents an independent affirmation of both the expected profita- bility of Olinghouse as well as the future potential of the Company." The Company is engaged in the exploration, development, mining and production of gold on properties in Nevada. The Company also has three base metals properties in the western United States which are in various stages of development. CONTACT: Margo Bergeson, Director- Investor Relations, (702)433-8525 READER SERVICE # 77

To: Don Marano who wrote (536)	3/22/1998 10:24:00 AM
From: Bruce McGaughey	Read Replies (1) \| Respond to of 749

Why hasn't Alta moved ??? I think the answer is here: cnnfn.com Alta is a great emerging gold stock. Best stock play in the gold group, I think. Gold is just tremendously out of favor right now. Why ?? With the European Union coming soon, the central banks are re-aligning their assets to fit some kind of mold: so much cash, so much debt, so much gold. I think the price of gold is being manipulated to hold a particular level so the central banks don't have to hit a moving target before the EU is finalized. Here's what "The Privateer" has to say: Looking at this chart, it's not hard to discover why anyone who follows Gold is losing patience. Eight straight weeks now on or about the 20-week moving average, and a glacial descent back towards the important $US 290 level. The MA itself has been below $US 300 for almost a month now (for the first time since August 1979). It stood at $US 295.90 on March 20, with the spot future Gold price at $US 292.20. For your information, here are the clearest-cut bear markets in Gold since it became freely traded in 1971: 12/74 to 8/76 - Duration: 20 months 1/80 to 6/82 - Duration: 29 months 2/83 to 3/85 - Duration: 25 months 2/96 to 3/98 - Duration: 25 months I'm not much for conspiracy theories, but I do think gold is manipulated. The Rothschilds and the Central Banks control gold, much the same as the Debeers family controls diamonds. This EU thing becomes final in May. You may see gold move up then.