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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (424)	3/30/1999 2:13:00 PM
From: philv	Read Replies (3) \| Respond to of 1321

Joe: They obviously need financing, and at the present share price it will be expensive for the shareholders in terms of dilution. However, the funds go to a very worthwhile project, a feasibility heap leach study, which if it proves viable should be positive. And in the meantime, more drill results are expected. The important thing is they are moving ahead, doing something.....unlike some other paper that I hold. The real unfortunate part is the POG which continues to disappoint. In other times.......... When all the figures are in re: resource estimate, feasibility etc. they can get some real financing without diluting shares hopefully. I haven't talked to the Co., but I expect positive drill results, based entirely on the history and the geology. A million plus ounces is a very large resource! There are other possibilities such as joint-venturing, takeover etc. Other than the POG, I am positive about this Company. Wish I had more shares. Phil