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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: haley who wrote (67)4/16/1997 11:26:00 PM
From: John Stopforth   of 406
 
haley

Not much to say when there is no news.
I was pleasantly suprised to see Gold Reserve hold up so well
in the wake of the Bre-X fiasco. I expected it to lose some value
as most other mining stocks did. To me this is a very positive sign,
any company that survives a downturn as GLR did usually does very
well afterwards.
The Crystallex story is interesting, at first I thought it was
a bit of a joke but with the latest news Placer Dome has a problem. How it will affect GLR, I don't know. It shouldn't have any affect but with the stock market you never can tell.

Good Investing
John
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