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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE
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To: R Langford who wrote (228)1/5/1998 7:55:00 PM
From: Syncrude  Read Replies (1) of 406
 
Rather than rely on rumours, call the company. You will find out that they will receive via courrier tomorrow (Jan 6) a copy of the Official Gazette. Ask for a faxed copy of Page 1 when available. I don't know where you got the story about a "letter". GLR would not publish a press release based on a "letter" without attracting a lot of trouble. You can be sure that many investors are also waiting for independent confirmation of the resolution granting veta rights to Brisas. By the way, we are in a 30 day "opposition" period, during which people can oppose the granting of these rights. Within the 1st quarter of 1998, GLR expects the official signature for the mining rights to take place.

As for a feasibility test, can you name a single company that has ever provided this directly to its shareholders? If there deposit is not economic, then you better let the owners of Las Cristinas next door that they are wasting their time, as it shares the same features as Brisas. Please do tell us what is wrong with GLR's deposit since you appear to think you have some expertise on the matter. Give us your opinions on the metallurgy and recovery process to be used by GLR (It will save GLR from having to do a final bankable feasibility study..thanks).

You don't sound very familiar with GLR and so I am wondering what you motives for posting here are. Am I wrong? Or are you shorting?

When you have called GLR, please post your new views here for us to read. Thanks.
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