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Gold/Mining/Energy : Palmer Resources Ltd. (PMD.V) -- Ignore unavailable to you. Want to Upgrade?

To: The Barracuda™ who wrote (199)	11/10/1998 12:26:00 AM
From: Gary	Read Replies (1) \| Respond to of 210

They had $10 mil in the bank not so long ago. Money would have been spent to sustain the VN project. I would guess they have $7 mil left over and that would go to LL now.

To: The Barracuda™ who wrote (199)	11/10/1998 2:16:00 AM
From: Amit Ghate	Read Replies (1) \| Respond to of 210

Apparently they did a financing in 1997 and as of Nov 97 had about $10 million in cash and short term equivalents (see research link on their web site): palmer-ind.com I don't know what their burn rate or expenditures were in '98. Regards, Amit PS. Also from their web site, Casey recently recommended the stock saying that it was undervalued compared to cash value. The first reference doesn't appear to take into account investments in other companies, but Casey's may.