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Gold/Mining/Energy : Queenstake Resources (QTR.T) -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (2072)	3/29/1999 7:34:00 PM
From: Phil Cressman	Read Replies (2) \| Respond to of 2249

It's going to take a while for the market to digest the value of this merger but I don't expect QTR holders to benefit in the short term. This saves a company headed for delisting because of lack of money and impossibility of raising it while it may give QTR a property with actual gold on it. QTR's management just picked a pile of the wrong properties to explore and shareholders have paid dearly for this. What's your guess of the trading price of the merged company? Mine is between 40 and 50 cents a share with downside risk for the near future.

To: E. Charters who wrote (2072)	3/29/1999 8:14:00 PM
From: Cookie Monster	Respond to of 2249

Most people I talk to value this at over .50 which is nice....not great for the people in QTR at $1 but still good value for those who have stuck with it and averaged down when at these current prices. It is still almost a double from current levels if it can make it over .50 or .60

To: E. Charters who wrote (2072)	3/29/1999 9:06:00 PM
From: tanoose	Read Replies (1) \| Respond to of 2249

Hello EC; I guess these guys don't know the operators of Santa Cruz very well now do they??...............hmmmm lets see now, Great Lakes Minerals,merged into Newmex, Newmex merged into Santa Cruz Gold and now Santa Cruz Gold merges into Queenstake Res..............and all of the above moves only dragged the share price down?? All of the above all took place since 1996 well after Manhatton Minerals ALMOST merged with Santa Cruz. With their DD they decided to cancel the merger, well Manhatton went on to do much better, and Santa Cruz Gold was just thrown a life preserver?? After all these closeology plays, now the Queen is playing close to being a mining company, should be a different approach. Not sure if I can see the 0.50 value being tossed about, but I'm sure the Queens network should be good for a run?? With regards,Frank