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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE
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To: The Vet who wrote (402)2/1/2003 3:54:52 PM
From: Syncrude  Read Replies (1) of 406
 
The Vet,

Not defensive at all. Reread my posts.

I just think that these 'tell me how many shares you own' type of charades are plain silly and totally unreliable. Go ahead and play your little games.

As far as LC goes, just remember that the State retained title to LC and owns all the gold. All Crystallex got was a contract to operate LC on CVG's behalf. Crystallex still has to demonstrate that they can comply with the terms of the contract. They had trouble raising just a few millions dollars and shareholders paid a heavy dilution price.

Crystallex continues to lose money and insider continue to shun the stock beyond the TOKEN share positions they have.

What counts is not the current gold price, but the sustainable gold price that can secure financing.

As far all things going back to 'normal', I doubt it. Until Chavez leaves and allows a more qualified leader to take over and finally do something about the economy, things will NOT go back to normal.

Capital has fled Venezuela and foreign installations have been attacked to the point that some firms are considering pulling out.

So have fun with your share counting game, but please follow what is happening in Venezuela a bit more closely. There is little that Gold Reserve can do right now. I would have preferred that the Company diversify out of Venezuela, but it is a little late for that....
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