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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE)
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To: russet who wrote (1225)6/23/2000 1:17:00 PM
From: hank2010  Read Replies (1) of 1321
 
Re: Continuation of the Halt;
I agree that there were some real sloppy procedures re handling drill core, statement of reserves etc.that could not be ignored. I also agree that there has to be a change in the procedures before a resumption of trading. It does appear to me though that these changes have been made (independent report on reserves at Cow Mtn., hiring consultant to look after core and sample selection, beefing up technical aspects of the board etc.). Why should the public be punished further if this is the case. I also believe, and I can see that many disagree with me, that there were problems with dissemination of info and insider trading. But as Elizabeth said, the remedies should be action against the individuals, not all the rest of us.
In my opinion, the raising of risk capital for the mining explor. sector is important and beneficial to Canada. There have been abuses in the past that have hurt the VSE etc and detract from the beneficial aspects. However, cease trading for long periods will detract even more. The beauty of the exchange versus private capital is liquidity. Trading halts eliminate liquidity.

One other point. I hope the additional holes are released well before trading resumes so that we will all be on an equal footing when trading begins.
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