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Gold/Mining/Energy : Spider Resources - SPQ.ASE -- Ignore unavailable to you. Want to Upgrade?

To: skelly who wrote (334)	3/31/1998 12:15:00 AM
From: bill	Respond to of 471

Consolidation for wt was 1 for 16. Absolutely murderous. Skelly, WT starts drilling on its deep well, probably within a week. Why, other than the fact that it has moved from 20 cents to 1.66, is it a good short? I was in at 10 and 11 cents. Then the consolidation. At 1 for 16, a 20 cent price made each original 10/11 cent share worth just over one cent.Since then they seem to have got it right. Permit for a salt water well, clearing old wells for cash flow, a financing that will fully pay for a deep Norphlet well. I got in originally because of their diamond property jv'd with ABZ. Nothing ever came out of that property even though the location seems to be excellent. Were you in for the same reason?

To: skelly who wrote (334)	3/31/1998 12:24:00 AM
From: bill	Respond to of 471

Skelly, do you know why SPQ has done so badly when they've had three of the most interesting stories in the diamond play? Diamonds at surface in Wawa. The James Bay project. brazil. Have they been profligate with their money? Do they not know what they are doing? It would seem that the SA play would be an absolute natural since locals are mining the area already. How much does it take to hire some of those locals to help pick out targets. And, if the host rock is at or near surface, as it would appear to be, taking a large number of samples shouldn't cost much.