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Gold/Mining/Energy : Anzex -- Ignore unavailable to you. Want to Upgrade?

To: John E.Quinn who wrote (208)	11/23/1998 3:44:00 PM
From: rdww	Respond to of 253

good point - while I don't doubt that the letter is from Holt - stranger things have happened. This is a smelly mess and the sooner the AZX bd - whichever one wins - the better for shrholders and the sooner this stock may rally with the results of DDH 4. If this hole comes up sweet - Holt may start smelling sweet as well! Let's hope that there aren't some games played with the length of time it takes to release this data.

To: John E.Quinn who wrote (208)	11/24/1998 9:01:00 PM
From: D. W.	Read Replies (1) \| Respond to of 253

Greetings John, I am currently (and have been since the Spring) a stockholder in Anzex. I have no connection to Mr. Hoult . I can give you no assurance that these are Mr. Hoult's words. I simply found the rebuttal on the Anzex website (http://www.anzex.com.au) and pasted them for every one to read. In checking this evening I find that the website is " under construction" meaning someone yanked the existing site in order to replace it with who knows what. I can assure you that Mr. Hoult's rebuttal was taken from the website which had been operational for many months. In my opinion only, I believe we are witnessing a power struggle for the future of this company. I wish more information were forthcoming but inasmuch as the management of the company is up for grabs, I don't think we will see more than propoganda from both sides of the argument. Perhaps there are others who have gained some information ? In any case this drill program was planned as a 12 drill process originally. I think it is far to early to evaluate the success of failure of this venture. True, the original results did not find a large deposit but we are only just starting to delineate what is under this property. I intend to hold my shares despite the management struggle and I hope the one-fifth you now hold will recover your losses on the earlier sale. As far as I can "read" this situation Anzex will be under new mangement in December . If Mr. Hoult does own this much of our company then our best interest would seem to be very closely aligned with his. Let us yet hope that this "messy affair" quickly passes and that an aggressive exploration program can contiuue. Best regards, D.W.