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   Gold/Mining/EnergySpokane Resources V:SKN


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To: burner who wrote (29)2/4/1998 5:49:00 PM
From: Texas77
   of 51
 
Volume and price up today. Are we ready to start moving?? It is about time for some MAC news to go with the Mexican news. Anyone talking to the company?

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To: Texas77 who wrote (31)2/16/1998 6:40:00 PM
From: John Soileau
   of 51
 
What'd you think of today's activity?
John

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To: John Soileau who wrote (32)2/17/1998 12:47:00 PM
From: Texas77
   of 51
 
I think that we are in for some positive times - FOR A CHANGE!!!

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To: Texas77 who wrote (33)3/4/1998 2:46:00 PM
From: FSR
   of 51
 
Hi Dave
New to SI but a long time SKN holder. Hopefully we are in for better
times - it would be nice if it happened before the rest of the hair on
my head fell out in the shower! I've given up waiting to see the royalties for the "Firelight II Barbecue come flowing into our
treasury! On a serious note, what do you think of John Kaiser's
comment regarding company dilution with it's involvement in the Mexican J.V. He says sell - I believe he has a bone to pick with the
way Mr. Armstrong has handled other business transactions. Contrary to
this thinking is Yorkton's position on Sand River Resources ( they
said buy at $0.2 - now at ~ $.6) Having a partnership with SRIV could
be a real plus considering that their VP, Dale Corman, is also the CEO
of Western Copper ( San Nicolas Discovery,Mexico) The fact that Mr Armstrong has been scooping up most of the low priced shares the last
while leads me to believe there still is good potential. But how long
are we going to have to wait!
Good day FSR

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To: FSR who wrote (34)3/4/1998 2:58:00 PM
From: Texas77
   of 51
 
Hi FSR,

I have had a position in SKN for over a year now. I did average down and I could get out even now - but I plan to give them until summer to see what happens. I haven't been following them closely - but I did see that Armstrong was buying. Another friend that I have in Canada has also told me that they are backed now buy some very influential people and he told me to hold on a while so that's what I will do.

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To: Texas77 who wrote (35)3/14/1998 3:48:00 PM
From: John Soileau
   of 51
 
Warrants, more dilution... news release a few weeks ago:

The Brokered Private Placement of 900,000 Special Warrants at a price of $0.35 per Special Warrant announced on November 3, 1997, has now been completed. The $315,000 (net $298,000) proceeds of the private placement will be applied to fund due diligence on mineral concession, located in Chihuahua State Mexico, which the Company has agreed to acquire in a joint venture with Sand River Resources Ltd., and for General Corporate purposes. ON BEHALF OF THE BOARD

They also filed a notice that an employee has been given an option to buy 50,000 shares at .50, good for several years.

Wonder if they will ever mention the MAC again (remember the billion dollar Mac!), or are we just pushing the Chihuahuas these days?

Woof woof.

John

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To: John Soileau who wrote (36)3/14/1998 10:20:00 PM
From: Texas77
   of 51
 
John,

I get so tired of these damn plays. But I'm glad that they got some financing. Last that I heard - (in a passing comment from someone that used to be paid to promote SKN but no longer has any reason to tout them) was that some very powerful and influential people were getting behind SKN. I was tempted to dump a couple of weeks ago - but I plan to hold until summer. I think that the MAC property will come back eventually - but our best play for near term is probably the Mexico stuff. It's a damn shame that the insiders of these plays rarely get burned - but probably 90% of the honest investors do. Seems that there just isn't any justice, but if they couldn't play brother in law and insider games - I guess there wouldn't be any game at all - the big investors wouldn't step up to the plate for these financings. Playing in the far east in the 60's and early 70's was a lot less risky - but not as much fun! <VBG>

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To: Texas77 who wrote (37)3/15/1998 12:56:00 AM
From: FSR
   of 51
 
Hi Dave:
I'm sick and tired of these "games" also! Just finished reviewing the
glossy 1997 Annual Report - "Independant reserve estimate established
the Camp Zone, Mac Property, valuation to date at over Cdn $1 billion" So here we sit at $.30, more dilution as mentioned previously, and new
properties potentially needing more capital. I hope there are some
big players in the background waiting to get this stock kick-started,
or there's more to this Mexican prospect than a tailings pile >>>>>>> before the Rip Van Winkle Syndrome sets in permanently!

FSR

B.S. or P.S. Anyword on the transition to the TSE

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To: FSR who wrote (38)3/15/1998 2:58:00 PM
From: Texas77
   of 51
 
I know one sure fired way to get this baby to run up over a buck. If I will just dump my shares, she will run. It's happened several times before - <VBG>. I didn't even receive an annual report. I wish they would spend less on the gloss and more on the drilling!! I frequently get frustrated with these Canadian mining plays and sometimes swear to quit them - but I just like playing with fire I guess. It looked like the metals might make a return this spring - but now paper is strong again. Lets hope for a little inflation, $10 Silver and $500 gold. Then maybe some excitement could return to these plays. Damn balanced budget in the US is screwing everything up <G>

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To: Texas77 who wrote (39)3/17/1998 1:21:00 AM
From: FSR
   of 51
 
Greetings Dave:
Talked to Ron Smith (President) today. The Fluor Daniel Wright report
on the Mac Zone will be released at the end of April. The drilling results on the Peak Zone are the same as previous samples. Sub-economic. Claims they are missing the target - no kidding! Unless
the value of base metals greatly increases not much is going to happen
with this "BILLION $ PROPERTY. On a more optimistic note, drilling
could commence as early as the end of this week at Piedras Verdes site.To be followed by drilling on the Minerales site. Keep your fingers crossed. If not I guess I can only hope you start dumping shares!!!!
Ola FSR

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