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


To: gennady who wrote (2065)3/31/1998 2:39:00 PM
From: philip trigiani  Read Replies (1) | Respond to of 4256
 
I read that. But, RDW doesn't have to kick in more money until Jan.99. If MEO is running out of money, they have a problem meeting any proper drill program for more targets in '98. And without any kim's, RDW will not pump more money into MEO until it has to or pull out or sell its interest. Its up to MEO now to come up with the financing to move this play to succession. It just feels like something else is behind RDW trading at this point, since MEO is going to drift lower until they can convince the market, that MEO knows what their doing. IMHO, RDW should be following MEO with only 30% interest at this point, not surpassing MEO.