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Gold/Mining/Energy : GMD RESOURCE
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To: Rick Seavey who wrote (497)1/24/1998 8:48:00 PM
From: Surething   of 1030
 
Hi Rick, I hope you and others are overreacting to the latest situation.

Here is my read on the situation. Unlike KWG and SGV where the money just vanished, we know where and to whom the money went.

LMX, which received the majority of the funds, is currently drilling an 8000 ft deep well in one of Canada's most prospective oil fields.

GMD still has many millions left in the treasury (I will check SEDAR if I am able).

Farrell Financial which received a loan will most likely be told to pay back the money ASAP.

The directors of LMX and GMD will stay with the companies and both companies will come back to trade.

GMD has good gold assets and excellent diamond prospects. GMD just announced a work program on its Royce diamond properties and the program will be proceeding as per the announcement.

Calling the insiders of GMD and LMX crooks is premature and potentially libelous.

Lets all see what develops next week. The above is just my opinion only. Call it wishful thinking or an educated guess.

Surething
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