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Gold/Mining/Energy : Palmer Resources Ltd. (PMD.V) -- Ignore unavailable to you. Want to Upgrade?

To: Gary who wrote (144)	7/6/1998 7:15:00 AM
From: Tom Drolet	Respond to of 210

Gary: I don't know what happened to the Vietnam Copper Project. As you point out, what we need is a good all round review of this multi headed dragon put in some semblance of overall strategy. Heck, dont stop at Palmer and Triband-- throw in Cabrillo as it pertains to our interests. In this companies case, we are fortunate to have the situation where the President and the Investor Relations person have the finest reputations on the street for savy and communications capability. Share that with us-- good and bad, no hype.The geology team looks good- though I dont know that end at all. Others on this thread appear impressed. As for the issue of chasing and pricing of the warrants-- it is a disease on the junior markets. Traditionally, they are used ,as you say, to draw in the new $ via private placements etc. My understanding here is that they( PMD/TBD) do have a reaonable cash war chest compared to the vast majority other juniors. Usually the constant re pricing is a sign that the board feels they have to motivate insiders this way. Heck of a weak knee'd way to do so!. A review of the Board and Management Team shows a lot of experience and talent. They should be professionally self motivated and paid a good salary with fixed options and then keep their heads down and work. Look, the results in our fragmenting Indonesia look good to excellent. The initial Myanmar 'scrape and grab' looked interesting-- apparently more results soon. Vietnam?, Mongolia? Cabrillo? Triband may have some project interests that should be talked about. There is an appearance of many good things here with no follow through. Lets hear about it! Tom D.