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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Rarebird who wrote (48809)	2/12/2000 8:12:00 AM
From: long-gone	Read Replies (1) of 116764

<<Now the Gold Mining Industry has to convince investors to take a long position in their company. That won't as easy as closing out a forward sale.>> OK, looks like some of the mining companies (but none I own) were listening to me when I said they needed to do reverse splits. We know how many in theis market base their investments $ placement ONLY on stock price performance.: Friday February 11, 10:59 am Eastern Time Canyon Resources shareholders okay reverse split GOLDEN, Colo., Feb 11 (Reuters) - Mining company Canyon Resources Corp. (AMEX:CAU - news) said Friday that its shareholders have approved the company's proposal for a reverse split of its common shares, which closed at 7/16 on Thursday. The proposal was approved by a majority vote of shareholders at a special meeting on Feb 10. The approval authorizes Canyon's directors to implement a one-for-2.5, one-for-four or one-for-five reverse split of common shares and to cut the company's authorized shares of common stock from 100 million to 50 million at any time until Jan. 14, 2002. Canyon said the board plans to deliberate on the possibility of the reverse split over the next several weeks, considering the current volatility of the gold price (cont) biz.yahoo.com

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