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Gold/Mining/Energy : Major General--MGJ -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (484)	6/23/1998 4:12:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 1707

Kaiser impressed by Victoria results Major General Resources Ltd MGJ Shares issued 35463847 1998-06-22 close $0.39 Tuesday Jun 23 1998 See Ascot Resources Ltd (AOT) In the News John Kaiser, writing in a June 18 Bottom-Fish Tracker, comments on Monopros' drilling results on Victoria Island released on June 16 by saying the speed with which Monopros intersected four kimberlites in seven targets was "very impressive." Monopros, a De Beers unit, is acquiring a 51 per cent interest in a large Victoria Island diamond property owned by Ascot Resources and partner Major General Resources by spending $2-million and making payments. Mr. Kaiser, who recommended selling Ascot late last year, says in spite of Monopros' encouraging news, the market for the partners has softened recently. Ascot closed at 76 cents on June 18, down from a 52-week high of $1 a few days earlier. The letter writer and keen diamond follower says Monopros can reverse this trend by mounting an aggressive summer drilling program. With high diamond counts will come sharp increases in share prices, but a more realistic investor objective for the next six months should be a high number of confirmed kimberlites, Mr. Kaiser contends. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com