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

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To: Greg R who wrote (241)1/9/1998 8:42:00 PM
From: Syncrude   of 406
 
Greg, I disagree with the comparison to Bre-X. The gold is there and GLR has had an audit done on their exploration processes, no problem there so let's not get carried away. The point remains that GLR has perhaps not communicated well with its shareholders and the financial community at large. We have conflicting views on what is going on, and not being insiders, it is difficult for shareholders to get an understanding of the situation. All I ask GLR management to do is to provide shareholders with better communications, no incomplete press releases, etc. Something is brewing and I can appreciate that IF GLR is in discussions with third parties, that they can't share everything. However, some serious concerns have been raised and GLR management has not seen fit to respond. Thus the doubts remain and again we are left in the dark. I certainly hope that there has been no insider sales at GLR!
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