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Frank Pembleton

06/16/03 7:50 PM

#200 RE: Frank Pembleton #199

PORTFOLIO-UPDATE

Nevsun was my best performer today, check this out:

High-grades extend strike length, including 43.65 metres grading 5.78% Cu in B-17, 63.35 metres grading 23.75 g/t Au and 33.0 metres grading 4.41% Cu in B-20, 16.6 metres grading 16.89 g/t Au in B-21 and 24.4 metres grading 4.2 g/t Au and 12.64% Cu in B-24

Apparently they were "sad" (as opposed to pleased) to report that there wasn't any worthless dirt in that drill core sample. <ggg> Seriously, if these were bullish times, we would of seen NSU jumped 100% rather than the tiny ten% that it did today. Although I do understand that this is high risk project because of all the security needed to keep the staff alive-- sheeessshhhh.

Speaking of risk-- Gabriel Resources has a deadline tomorrow to look forward to. The Parliamentary Report from the Romanian government is due, so it's Do or die-- 100% or zero, sounds like fun...yippee!

I also lightened up on the gold sector by a hair (finally sold MDI) -- and that 5% went back into the biotech sector. I was buying Labopharm (DDS-TSX) this afternoon with an average buy price of $5.10

-- as it stands:

55% cash -- loonies
35% gold -- stocks
05% tech -- Wireless
05% biotech -- stocks
00% oilpatch

...about Tesco -- a long term view that now shows it sitting on support -- so be careful and don't be afraid to stop yourself out. I'd hate for you to follow this thing down to eight flippin' dollars.

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=teo.to,uu[w,a]wbclyyay[df][pc9!...