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Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB) -- Ignore unavailable to you. Want to Upgrade?

To: tall paul who wrote (941)	7/7/1998 2:09:00 PM
From: 1king	Read Replies (2) \| Respond to of 3380

TP I have seen this before but I have never seen a successful coup. Many of these juniors are, for all intents and purposes, legal money laundering schemes (no insinuations inferred). Many times the "shareholder" revolt is simply one director being pissed at another director. While I personally think the present Lab situation is pathetic, it is no different from many of the other SVB juniors with the notable exception of MGJ (IMO). Again while the points this group make are quite valid, the only solution they offer is financing (500K) and a promise to "do the right thing" with SVB. A play in which they have very very little control over the mechanisms which affect the share price. This group offers little concrete evidence of improved shareholder value and without "specific and guaranteed budget commitments to a time-tabled physical program" I see nothing better. Just, as you pointed out, different fingers in the pie and a whole new set of options. FWIW 1King