Gold Reserves Limited GLR - TSE Message Board

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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: Mr Metals who wrote (151)	12/2/1997 11:00:00 AM
From: The Vet	Read Replies (2) of 406

<< GLR is getting too low >> I'll jump in here and agree. They have cash in the bank equal to about $1.50 USD which leaves almost nothing for the proven 10 million oz of gold in the ground. The company is still confident that they will get the veta rights, and if that happens soon I would expect the price to at least double overnight from these levels. I suspect that the news will leak from Venezuela just prior to the official announcement (just a cynical guess on my part) so as soon as the price starts a move up we just might have time to jump in..

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