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Gold/Mining/Energy : GMD RESOURCE
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To: Walt who wrote (623)2/10/1998 6:50:00 PM
From: Richnorth   of 1030
 
The best information I have had to date was from Dr. Dave Webb himself. He said that the release of the gold reserve calculations would be out as early as tomorrow (11th February). I heard from another source that it would have been released today had Mr. Giroux been available to OK the final report. (BTW, Mr. Giroux was one of the guys who did one reserve calculation, Mr. Reeseman did another independent calculation.)

It seemed to me the market today was eagerly waiting for the release of the gold report and perhaps that was responsible for a full one-hour lull in the trading of GMD this afternoon.

If past experience is any guide, the gold report will likely have the opposite effect on the stock, that is, the stock will be driven down by the professional shorters. Then mass psychology will cause the small investors to sell out of fear and panic. However, I hope that for once, it will be different this time around, and the stock will double from present levels before the month is out.
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