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Gold/Mining/Energy : Rubberman's picks for the second half of 1998 -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (382)	12/30/1998 9:12:00 PM
From: Mr Metals	Read Replies (1) \| Respond to of 405

REALHARD...HYPED/SCAMMO POS PLAY....... MM

To: CIMA who wrote (382)	12/31/1998 8:12:00 AM
From: Mr Metals	Respond to of 405

How sad.....ROTF. Armistice Resources Ltd - Post says unhappy shareholders are coming down hard on Armistice management Armistice Resources Ltd ACI Shares issued 88,200,062 1998-12-30 close $0.08 Thursday Dec 31 1998 The National Post reports in its Thursday edition that angry shareholders are trying to depose management and directors at Armistice Resources Ltd., a small Toronto-based gold exploration company. The dissident shareholders say Armistice has been so badly mismanaged that it may soon be unable to afford to have water pumped out of its underground project in northern Ontario. Company president Brian Davidson admitted yesterday that scenario is not impossible, but dismissed the complaints against himself and fellow managers as "absolutely distorted." The dissidents allege management has approved questionable loans to Armistice directors, and spends too much money on head office expenses and not enough on gold exploration. Of the $18.5-million raised by the company over the past four years, just 67 per cent has been spent on exploration, they say. The shareholders are led by Mark Diamond, a Montreal-based business executive, Gordon Usher-Jones, a stock broker in Montreal, and Guy Hinse, formerly Armistice's manager of its current exploration project. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com MM