Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robert Dydo who wrote (793)	3/24/1998 12:31:00 PM
From: John Stokes	Read Replies (1) \| Respond to of 1248

Robert! Surely the value of maintaining and gaining new contacts in the business world will not be lost to the K. government as failure to deal fairly with business would not soon be forgotten. The juniors as always have been high risk and the only current bet on the assets held by SPE is SPE. The only reason that financing would be withheld is if the K government is perceived to be too high a risk. My bet is that they have too much to lose on all their natural resources not to conform to business expectations. The Boris Yeltsin actions of the past week are another indication of the need for changing countries to rethink their strategy. From what I have perceived of K is that they have little else to build their economy on at the present time other than natural resources although their dependant population is not all that large. I'm thinking patience at this time.

To: Robert Dydo who wrote (793)	3/24/1998 3:50:00 PM
From: Moot	Read Replies (1) \| Respond to of 1248

Robert Dydo/John Stokes Robert: Thank you for recognizing and responding to the main thrust of my post. I have enjoyed your contributions, here and elsewhere, and appreciate the effort you continue to give. I believe that you understand that it was not my intent to trivialize your efforts or those of others who have countered the inane claims of the 'vile Kazaks' crowd and those who read Steppe through the lens of their own losses with other companies. There are clearly significant differences between Steppe and those companies and we have all been well-served in having this pointed out. Moreover, I was not suggesting that the 'Kazakhstan Syndrome' is completely irrelevant. It is not. I do maintain, however, that there are other more immediate factors specific to Steppe that may go a long way to explaining the market indifference. Many of us have been in this play for some time. Someone coming to it for the first time may not read past the first act before setting it aside. Fortunately, juniors and especially one of Steppe's calibre, have the ability to re-write the script. The completion of Mizek financing will go a long way toward making the first act much more appealing. I think we should rely more on positive, specific actions from Steppe than a general change in public opinion of Kazakhstan. I think it is fair to say that most people would demand some evidence of the ability to manage a tottering first step before they would lend much credibility to the suggestion that someone is on the verge of challenging Donovan Bailey. I am not suggesting that an incredible amount of effort and ability wasn't required to bring us to the brink of that step. I am suggesting that potential investors require more. John Stokes: As I recall, you have been involved in Steppe for quite some time, too. My post should not be read as an abandonment of Steppe. Moreover, I think we have all demonstrated a fair amount of patience. However, I don't think patience is a virtue or that it should never be set aside. When it begins to wear thin, we have the right to let it be known. I have done so privately and am doing so publicly. I have enough confidence in John Menzies to believe that he is aware of the concerns and will, at some point, respond. Regards.