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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE
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To: AL R who wrote (264)3/7/1998 11:41:00 AM
From: Syncrude   of 406
 
As you know, Placer Dome led many to believe they had ownership rights to Las Cristinas. It is now very clear that PDG only had a contract of work. Crystallex has, through previous Supreme Court rulings, had its ownership rights confirmed. Work has stopped as Las Cristinas and the market is awaiting the next Supreme Court ruling, which is expected to reverse the Ministry of Mines granting of mining rights to Las Cristinas. Crystallex will then proceed to have this property developed. These plans will likely include Brisas.

Another factor to explain to flat price of GLR is the past experience we have had with management press releases. The market is now very skeptical about anything GLR management says.
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