Gold Reserves Limited GLR - TSE Message Board

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

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To: Francis R. Biscan Jr. who wrote (50)	3/16/1997 12:16:00 PM
From: rainman	of 406

THIS STOCK PUZZLES ME I bought this stock @ $13.00cdn a year ago (modest position) and sold when it took the big jump to $21.00.Since then i have seen it gradually slide back to its origional price. have i missed something or is this stock undervalued? Is there anything going on behind the scenes that is causing this retreat? I see RBC DOMINION is rating it as a buy at current price. 6 million oz gold + 2 million oz of gold equivalant(copper),no debt,45million in cash, & 22million shares outstanding + the deposit is not yet fully defined.Is it a high cost recovery or is there a political problem that is holding this one back? I am considering buying back in and any comments would be appreciated. rainman

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