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Gold/Mining/Energy : Kazakhstan minerals KMC.U -TSE -- Ignore unavailable to you. Want to Upgrade?

To: virginijus poshkus who wrote (79)	2/17/1999 7:25:00 PM
From: Maureen Luck	Read Replies (1) \| Respond to of 112

Management are currently working on a news release regarding the oil and gas project. It will likely be released next week. The news is favourable but whether this will be recognized by investors given the current market place is questionable. As you know, management are conserving the cash as much as they can and, unless there is some specific news will not be incurring expenses (approximately US$2,000.00 per release)just for the sake of saying something that is not meaningful. I realize that this is difficult from the investors point of view but at least it means the company is more likely to be around when gold and oil prices improve. It does not appear that there will be any 'deals' in the near term, however management is looking to diversify into other parts of the world besides Kazakhstan. Regards Maureen Luck