ANACONDA URANIUM CORP(ANU/VSE)BILLION$$ IN URANIUM Message Board

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Gold/Mining/Energy : ANACONDA URANIUM CORP(ANU/VSE)BILLION$$ IN URANIUM

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To: GWD who wrote (40)	3/24/1998 3:06:00 PM
From: Ross Orr	Read Replies (1) of 69

While browsing this thread I noticed the reference to John McBride and I was not sure from the postings if the opinions expressed were of a negative or positive slant. For what its worth, I have known John for 25 years and would like to share some of my dealings with him in the past. John was a founding member, along with Nick Tintor, of Great Lakes Minerals. The company went public at $0.45 share and subsequently traded as high as $2.85. The problems with the company came from Hecla who, as operator, had to close the mine at Grouse Creek because they had overstated the recoverable ounces at the mine. Since that time the principals have worked hard to restructure GKM into Santa Cruz with GKM now in the hands of a different group. Santa Cruz has a solid asset and cash flow from their Mexican properties and an honest hard working President in Gerry Gauthier. Unfortunately no one cares in these depressed mining markets. I also had the good fortune to invest in a little company involved in 3-D software animation back in 1988. John raised seed capital for a company called Softimage in the aftermath of the Crash of '87. The company went public on NASDAQ and was taken over by Microsoft in 1991. A $5,000 investment in 1988 is worth over $5.0 million today in Microsoft stock. I have participated in most of John's deals and for the most part done very well. In these markets it is very easy to point fingers at management for the price of a stock when in reality the hangover from Bre-X and the price of commodities in general are the main culprits. There is always two sides to a story and I hope I have been able to shed some light on this thread. Ross Orr

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