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Gold/Mining/Energy : Greenstone Resources GRE.T or GRERF OTC
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To: Peter Neidhardt who wrote (751)6/9/1999 4:15:00 PM
From: Baba 2  Read Replies (1) of 1005
 
PN,

Well it seems as if this was my day in the barrel re. talking with Greenstone....Also RECEIVED a call from Julio in the office. Now again for what it's worth here is what he told me...
1. Company NOT going out of business or going bankrupt.
2. All operations progressing smoothly as stated in last NR
3. Some sort of financing WILL be done...he could not or would not give me specifics but said the BoD will decide.
4. All suppliers and contractors are getting paid. Co. is working out payment arrangements and terms with largest of contractors but all are being paid and willing to work with the company through this period of time.
5. The bond holders WILL be paid in August.
6. Share price slide is a mystery and cause for concern as they have been on the phone all day.
7. POG and some fund selling largely responsible.
8. All production hedged at $275 through October, some production hedged to 2000.
9. No I do NOT work for the company. Bought more today.
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