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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE)
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To: bully who wrote (1135)5/16/2000 10:56:00 AM
From: teevee   of 1321
 
bully,

...Wayside president Frank Callaghan has provided various reasons for the trading halt. He said the exchange wanted an explanation for its sharp price increase. He then said the CDNX wanted independent verification for the company's resource calculation of one million ounces
on Cow Mountain.

deja vu? Anyone remember Ridell Mining? When the exchange wanted independent verification for Ridel's resource calculation of one million ounces, the numbers shrank to a fraction of that, Ridell went into the crapper and off the board and one or two Ridel Mining people went to jail....this halt could last until an independent verification of IWA's boast of one million ounces.....If IWA president, Frank Callaghan is correct about the exchange's enquiry, the Cow Mountain resource of one million ounces had better stand up or it could a ticket to the crowbar hotel.....or maybe rushing into an easy deal with a major, if he can get one, would like one of those "get out of jail free cards":-))
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