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

To: John Menzies who wrote (903)	4/27/1998 11:04:00 PM
From: traacs	Read Replies (1) \| Respond to of 1248

-________________________________________________________________ This was taken from the Almaty Herald published April 23 98 ______________________________________________________________ Interfax- Kazakhstan news agency last week quoted the Kazatomprom's president Kadyr Baykenov as saying that Kazcommertzbank, Halyk Bank and Kazatomprom JSC have signed a contract for financing the country's uranium industry. The 6-year contract totals $62.4 million. The government expects investments to bring $130 million by late 1998, while the total production volume will rise up to $180 million in 2003. Baykenov said, the total mortgage, which includes the uranium reserves of Kazatomprom's three uranium mining enterprises, approved mineral reserves, a part of the production as well as a part of its liquid assets, amounts to $200 million. From this I think the Kazakhstan Gov is positioning themselves to repay the money to WWS and also have them restart the project. There are some very nice production numbers that are mentioned WWS IR person had no comment on the above other than the Kaz gov could not use the U308 as collateral for the loan. I am sure something was worked out. Those that are sitting on the side lines now will scramble for positions when we start to receive news releases in the next weeks A year end report and progress report on all properties uranium and gold will be published for the annual meeting June 24 .Announcement pertaining to these properties will be released before the meeting Regards Klaas

To: John Menzies who wrote (903)	8/12/1998 2:25:00 PM
From: marcos	Read Replies (2) \| Respond to of 1248

How about it, John - have you got the filings together? Do you have any kind of excuse to offer us for why you couldn't get them filed on time to avoid this extremely embarrassing halt? That wws settlement never came off, by the way. Even if the Kazakhs suddenly discover principles, they don't have any money. I'm beginning to doubt that they can learn principles from the Aussies, anyway. A hint as to whether you're hiding or dead would be nice. .... cheers