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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks! -- Ignore unavailable to you. Want to Upgrade?

To: Harry K who wrote (1038)	8/6/1998 10:32:00 AM
From: Alan Whirlwind	Respond to of 1348

So who's running Keno these days--Ralph Acampora?

To: Harry K who wrote (1038)	8/6/1998 1:51:00 PM
From: Kaiser Soza	Respond to of 1348

Hi Harry, I share your somewhat tongue in cheek comment on "Excellent news". I think the more important issue is "Show me the money!". No mention was made of where the production financing will come from. Although I hate to think of it, what is our worst case scenario if the project must be put on hold pending higher silver prices and/or a suitable deal. I am somewhat concerned about the "burn" rate. I think SP's salary is about $15,000 per month, and overhead would add substantially to this. Juniors I have been invested in have faced similar situations in the past and were able to reduce their "burn rates" to next to nothing in order to preserve shareholder equity. Does anyone know what the monthly burn is on UKH?? How are they keeping the lights on?? Regards, Kaiser...

To: Harry K who wrote (1038)	8/18/1998 11:38:00 AM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 1348

Hi Harry, I knew better than not to sell in December at a nice profit. I'm presently nibbling at certain resource stocks I believe are close to good news. One is a gold stock with drilling results that show a high silver content (10 or more oz silver to each 1 oz gold) I would buy more Keno, but already have plenty of shares. If the stock runs up to $5 a share Canadian in a couple of years I'll have a 10 bagger or close on most all of my shares so you know how these speculative markets can be. We all know that silver must reach $8 an oz before the silver stocks will really move and they'll all move regardless of company fundamentals once that mark is taken out to the upside. I'm gambling that the drop in silver COMEX stocks is for real and that it reflects possibilities of future shortages worldwide and that only paper shorting is holding speculators at bay for the moment. I've actually once owned paper silver long through Shearson. All it is is a guarantee the brokerage will buy you the silver at any point in the future you choose. But the money is really put into stock speculations as soon as it's received. This type of market we're in is what risk is all about. You know I held Arizona Star for three years and even averaged down once--it fell in half over that time. In a matter of weeks it went from that depressed level where I was losing money to a 5-1. I sold out then but could have had a 10 or 15 to one later had I waited. But most people don't have a stomach for such risk. I guess I do. --Alan