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Gold/Mining/Energy : Pure Gold Minerals (PUG)-TSE -- Ignore unavailable to you. Want to Upgrade?

To: violetta martinez who wrote (740)	8/27/1998 11:33:00 AM
From: Jesse	Read Replies (1) \| Respond to of 1030

Hola, Violetta! PureGold may move up more as/ when ACA remains above incremental support levels. For now, PUG doesn't seem to have its own legs. Terrible market conditions aside, this is likely due in part to PUG's being still fresh on the heels of an untimely share consolidation, the reputation of its management, Kaiser's less than positive report ($$ discussion) in his last BFTracker on them, and most heavily due to PUG's actual financial predicament. Kaiser's last BFT on PUG (Aug17) is entitled, From where is the money supposed to come? and JK speaks of PUG's lack of funds. While PUG has made mention of many ongoing programs, such as in S.Africa, Saskatchewan claims, the Alberta 1)Lessor Slave Lake and 2)Edmonton and 3)Lethbridge properties, etc., there has been no clarification as to where the necessary funds will come from to continue these projects. Indicatively, the link to PUG's South African interest is now conspicuously absent from their website. The PUG 'NR' on Aug.17 was a little tacky in its obvious promotional intent. But their last (Aug.24) NR announcing a very cheap (@25cents=5cents pre-rollback) $1/2Mil financing, was actually good news for shareholders, most of whom probably don't/didn't even realize PUG's actual fiscal state of affairs. Seems things now shall be okay, tho! This doesn't mean PUG has the necessary funding for their various projects... don't know. Buffalo Hills, at least, is in tact. Part of Pure Gold's problem also was not anticipating such ugly resource markets for financings, as many of us can attest to from our own portfolios! -- When PUG is trading at par with or even less than MEO, you know something is wrong in the universe! PUG has ~half the shares out and a piece of 23+ KNOWN kimberlites!! PureGold does seem like a bargain, but Kaiser's last report on PUG was less than positive and he recommends caution (this was prior to PUG's last financing announcement). PUG has a piece of something very real (Ashton's kims), and if they can maintain participation, they will likely be part of an Alberta Diamond Mine, imHo! *The strength Ashton is showing today, even on this rotten market day (indexes), may mean that PUG too could play some sudden catchup... - Only my thoughts, but there ya go. Best to you, -j :> PUG Website: pugres.com PS -- markets getting thrashed today