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.

Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC. -- Ignore unavailable to you. Want to Upgrade?

To: DoubleOddBuck who wrote (3849)	5/20/1999 5:21:00 PM
From: Janice Shell	Read Replies (1) \| Respond to of 4128

Six billion in reserves? What reserves? Does this really sound...plausible to you?

To: DoubleOddBuck who wrote (3849)	5/20/1999 5:24:00 PM
From: Uncle Skippy	Read Replies (1) \| Respond to of 4128

VERIFYABLE assets that would put ABFG at $17/share? Hold on tomorrow, people... Bye-bye, Janice and Jeffrey...

To: DoubleOddBuck who wrote (3849)	5/20/1999 5:25:00 PM
From: Henry Volquardsen	Read Replies (3) \| Respond to of 4128

DOB before you get too excited about the 6 billion in reserves find out if they have third party verification of the number, that is normal practice in mining. Without it the number is not reliable. Henry

To: DoubleOddBuck who wrote (3849)	5/20/1999 6:52:00 PM
From: Angusb	Read Replies (1) \| Respond to of 4128

DOB you said: "Estimated 6 Billion dollars worth in reserves.....will be part of the 10k filing... I wish I had my 0.47 shares back...." I'm sure you'll feel that way in the morning but not for long would be my guess. Touting inferred mineral inventories is an old VSE trick that we're now seeing on the BB. Take a look at this release: "On August 8, 1998, the Company aquired a 30% interest in ______, Inc.-currently mining approximately 1,000 acres of gold claims located on the ____ in southeastern ___. ______ is a full scale operational gold mining company with proven reserves of over $120 Million and an estimated $6 Billion in total reserves. The _____-one of only two operating gold mining operations in the State of ____-owns one of seven gold-platinum smelter licenses issued by the state. _______ is currently negotiating a joint-venture with a ___ based gold-platinum concession with reportedly $1 Trillion of mineral reserves and possibly the largest gold-platinum field in the U.S. _____ is expected to yield over 100 ounces of gold per day by the second quarter of 1999 and potentially represents one of the richest gold reserves in the State of _______." $1 Trillion sure beats the heck out of a mere $6 billion eh? Guess what has happened to the share price????????