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Gold/Mining/Energy : Pallaum Minerals (ASE:PLM) -- Ignore unavailable to you. Want to Upgrade?

To: gtr who wrote (463)	7/24/1998 7:15:00 PM
From: gtr	Respond to of 536

Voisey's Bay: Progress Expected The INSIDER REPORT stated that July 23rd was an important day in the progression of exploration in S. Voisey's Bay. Specifically: Labrador International Mining's [LAB.V] AGM. As investors in this area know, Labrador was under pressure from a 'group' of 'shareholders' who thought Labrador was not being run well by management and issued a proxy to gain control of the company. At the AGM yesterday, those 'shareholders' did not have enough votes to overthrow current management. This was a very pivotal point for all of S. Voisey's Bay. Wondering who the 'shareholders' were who were behind the attempted takeover? The INSIDER REPORT knows, but, now that they have failed, we will not say who it was as it could stir up trouble amongst the players. Let it be said, however, that it wasn't a bunch of 'no-name' shareholders who were at all unfamiliar with South Voisey's! Why all the hubbubb over Labrador, anyway? It appears as though all eyes are focusing on the Labrador Nickel Syndicate (Globenet [GBR.V], Labrador, Pallaum) as the potental messiah to the program in South Voisey's (if not a messiah to the entire Canadian junior resource market). We will be monitoring all actions (in front and behind the scenes) in S. Voisey's next week as members of the syndicate are expected to be meeting with a non-junior mining company.