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Gold/Mining/Energy : Paramount Ventures & Finance -- Ignore unavailable to you. Want to Upgrade?

To: R.Goodman who wrote (628)	4/2/1998 8:54:00 PM
From: Yorikke	Respond to of 4884

Mr. Goodman, I believe it just takes a commitment to communicate the reality of the firm. The firm needs to authorize a person to release information on a timely basis and to communicate with shareholders in a more factual manner. Again I direct you attention to the Yamana thread where the head IR representative is regularly on line, and regularly involved in communicating the firms position on specific matters. And he does from time to time just say..its not yet resolved I can not communicate on that matter. The essential point is that information is kept current on the web site, and a representative is available in a forum based communication channel to answer specific questions. I once did a 'spoof' post about the size of the telephones and desks that must exist at the Paramount Offices. This point I was trying to make then, and continue to make, is that you can not run an investment relations section as if it were the 1950's. Claiming to have fingers the size of elephant feet is no excuse for not being somewhere on the web that is accessible by the general shareholders. Someplace where news is current and questions can be asked and facts distributed. The firm has to be ready to answer such question as 'What is the monthly burn rate?', What specific properties do we have claim to in the Salta and what is the status of each?, What properties do we still hold in Alberta and what is the status? , What plans do we have for our main Salta Properties, is there a drilling program scheduled, What types of survey data are we collecting and when will it be available?, and of course, What is going on in the Wawa? Mr. Goodman, this just takes a commitment to communicate. I am not talking about promotion of the stock. I believe that is an entirely different issue and one best left to management. I am talking about getting the facts out to the stockholders. And those facts that are relevant and useful to the shareholders. If we are in a waiting mode on specific properties then so be it. But we should be told that. And we should be informed of the reasons why we are on hold. And if somebody has the brains to ask what are we doing to change the situation, then the company should have an answer. If we had more information, we would all be asking better questions. The focus would be on the facts of the properties and the finances of the firm. And I believe that we would, simply by finding out and discussing those facts, do a wonderful service to the firm. Good information will let others know what a good Company this is. And we will all profit. They don't call this the information age for nothing. Those firms that are willing to communicate as fully as possible will benefit from their openness; and those that stick to the old ways will simple fade away as the best investors look to companies that can limit their risk with soundly provided facts. With regard to the diamonds and the time to prove: I read it somewhere in my readings on the various plays. Just look at them; even Ashton is a long ways from proving it has an exploitable resource. It just takes time. I might point out that with all the talk we still do not sit on a proven kimberlite formation; and have not one diamond to show for our efforts. It will take time and I believe that 5 years is not an inaccurate figure for the task in the diamond business. I want to say again that I believe in this firm and its properties. My comments are not always upbeat, nor are they meant to encourage others to invest in Paramount. Everyone should do their own DD. I just want to provide a damn good resource for that effort. Everything else follows from there. Specifically.....how do we get our views to management?....A meeting? We could discuss the agenda on the site; get our questions together and have a group meet with management. Maybe then they could see that we are not against them but for them; and we just need better information flow to be even more for them...... regards, mnmuench