Gold Reserves Limited GLR - TSE Message Board

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

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To: Syncrude who wrote (197)	12/16/1997 8:36:00 PM
From: Orwell	Read Replies (1) of 406

Don't see a whole lot of mismanagement with GLR, albeit the timing of PRs seems less than optimal recently. The proof of the pudding is in the eating, not how it is cooking along the way. Investors look at long term outcomes, proving up reserves, the granting of hardrock rights, etc., and this is what management is obliged to deliver. Traders look at short term news (court rules against mining permits in forests), and tax lossers look at banking capital losses. Difficult to fault management for the last two, or the price of bullion. Management is doing what they are in control of. However, I do vote in favour of them buying back some shares with all of the cash they have, they might owe a little of this to the shareholders, especially the ones who funded are higher prices. I think we just need to get rid of a certain bunch of sellers so the rest of us can catch the wave higher. O.

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