Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Nathan Hansen who wrote (59)	12/23/1998 11:35:00 PM
From: David Michaud	Read Replies (1) \| Respond to of 5053

Third quarter report Jordex Resources Inc JDX Shares issued 29,067,857 Dec 22 close $0.465 Wed 23 Dec 98 Company Review An anonymous director reviews the company On Oct. 30, 1998, Jordex signed a joint venture earn-in agreement with Gold Fields Ltd., headquartered in Johannesburg, south Africa, to explore and develop Jordex's San Javier gold properties, covering some 43,800 hectares and located some 190 kilometres northeast of Santa Cruz, Bolivia. The initial phase requires Gold Fields to finance a minimum 1,000 metre drilling program to be completed by Dec. 31, 1998. Following the completion of this program, Gold Fields has the option to proceed with phase two which provides for a staged earn-in up to 51 per cent of the project by spending $2.5-million (U.S.) (inclusive of the initial drilling) over 36 months from the outset of the agreement. The third phase, (up to five years duration) provides for the possibility of the spending of $1.5-million (U.S.) jointly by both parties (at Jordex's option) prior to a further staged earn-in by Gold Fields up to 70 per cent or 75 per cent through its spending of an additional $5.5-million (U.S.) or the completion of a positive feasibility study. Following the third phase, Jordex would be required to contribute its share of expenditures or dilute its interest.

To: Nathan Hansen who wrote (59)	2/1/1999 12:42:00 AM
From: keith massey	Read Replies (1) \| Respond to of 5053

Hey Nathan I know you have been following this company for a while and talk to the company regularly. The last time we talked you mentioned that you hadn't taken a position yet. So what is you take on the Hamilton Group and the possible new business plan? Now that the 100,000 at .55 has been broken I am guessing this level (mid to low 50's) becomes a support level until the new business plan is announced. Hopefully someone with some pull decides to start following (hyping) and we may see a steady rise in anticipation of the new plan. Best Regards KEITH