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Gold/Mining/Energy : GMD RESOURCE

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To: lloyd lush who wrote (670)	3/3/1998 9:48:00 PM
From: Richnorth	Read Replies (1) of 1030

Nothing much. I understand Dr. Webb and his incomplete board are very busy doing a full audit of GMD's expenses for the period Sept-Feb 28th 1998. I also heard rumours that some people/groups have offered to make loans to GMD but they insisted on seeing GMD's audit first. This, of course, is very understandable. The stock sank again to as low as $0.56 about a week ago, but since then it has gone back up to the $0.60-$0.70 range on fairly good volumes. To be sure, many investors expect GMD to take off from here once the financing is in place. LMX surprisingly shot up from $0.16 to $0.48 yesterday. Today it closed at $0.51 on a volume of about 1.25 million shares!. Nobody seems to know why LMX has gained so much so quickly. O yes, in last week's Northern Miner (page 18) it was reported that Don Farrell had made an unauthorized loan of about $50,000 from Sanfred (SND.V) to Farrell Financial. Except for $4500, SND got its money back. Cheers, Richnorth

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