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Gold/Mining/Energy : Armada Gold 10 Million oz of Gold & 1 billion lb of Cu ! -- Ignore unavailable to you. Want to Upgrade?

To: stockman who wrote (503)	10/26/1998 10:48:00 AM
From: Syncrude	Respond to of 552

Simply because it is a buyers market and Armada would not be able to get a good value for these assets. Patience is needed. Progress is being made on the copper side, waiting to see how much Armada will have to come up with and when. News should be forthcoming on the gold front as well. Eventually, Armada will have to consolidate its huge number of shares outstanding. This is a big handicap right now. Then it should be able to do a financing. It might be interesting if the Company did a rights issue, allowing current shareholders to purchase shares directly.

To: stockman who wrote (503)	10/26/1998 12:47:00 PM
From: zoli bognar	Read Replies (1) \| Respond to of 552

Look like someone answer you mail.Well.About six month ago Ross was having Dream like separating the Armada to A and B shares for Armada gold and Armada copper.Not bad idea, only think the profit from the Mongolian mine wont able to transfer to the Baley project, in july 1998 was about $1Million./see Ross post july 15/98/#465/. Separating the Armada to A. and B.shares will bring the value of the stocks to 4-6 cent, shares, they have to consolidate down to 5-to 1, will be about 40 cents if we are lucky. Will be lots of dust around armada in the future,I will stand by with open eye. Zoli ps:The AAu shares with low price will generate lots of dreamers.