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Gold/Mining/Energy : SVG:VSE Spire Ventures Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (35)	10/11/1998 12:53:00 AM
From: pal	Read Replies (1) \| Respond to of 44

ooooh baby Rumours about your demise were obviously exagerated.Problem is they are working in a third world country and everything moves at one speed;SLOW.One drill hole complete and larger drill they ordered got stuck in their outback road into site.Intermediate drill has arrived and hole #2 just started turning.I understand they will release drill results only after completion of 3 holes but nothing to be disapointed in with first hole;I guess they are frustrated also with slow progress but you get what you pay for and they got a bargain in using local drill crew as opposed to canadian or australian outfit.the life of a junior explo. co. with limited budget. I would like to see them retain their 80% ownership of this property and do private placement with mining major and speed up this explo. program.Can they do this and maintain their 80% or will they have to sell % to major?Can you have your cake and eat it to?Many majors are apparently salivating big time over this property.Recent field work to the south east of original site(box hill and ransel hill ) shows an extension of original strike appro. 1200 meters long making strike lenght about 2.5 km. long of mineralization.This is huge and will far exceed the producing mine to the northwest(7 million ounces proven)But they have to get info. out on a consistent basis.Should see more channeling samples released next week if there are no more screw ups.Company officials are going back to Indo next week.But more delays will get us to the tax loss season, then Xmas, then monsoons maybe then the muslum holy month(ramadan).What else can go wrong? They have got to move this project along at a faster rate.What's your take on this? is this what i should expect from a junior operating in Indo in this difficult market environment?I know these guys are doing their best and they know their bussness but they are not getting the breaks.Stock is holding steady though at .25 to .28 range and it seems thin on the sell side.Wouldn't take much to move this baby to the .40's.Let's go Liz! what are you waiting for.You and your pals can move this baby up a few notches.(only joking;GOD, I can't say that on the net)