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Gold/Mining/Energy : Glenhaven Resources GHM-CDNX

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To: R.A.K. who wrote (122)3/31/1998 7:14:00 AM
From: j. pezim  Read Replies (2) of 234
 
EARTH TO SOURCE, EARTH TO SOURCE..... I couldn't agree more with the comment to qualify your statement the stock will be cheap at five bucks. Such statements unqualified are nothing but hype and are harmful to say the least. Let's take a step back, maybe two steps back and discuss what is real. Last fall they (GNN) announced results from a drill program that they intersected were not too bad, close to surface and better than what anybody else found to date. The stock traded as high as $1.15 based on those results. The stock subsequently went down in price when it became apparent they were not going to continue drilling last fall. One missing link to this year's program was the money to drill this year. That missing link has now been completed, they have the money to spend on the Yukon project and only the Yukon project. The money recently raised, can only be spent on the Yukon, it cannot be spent anywhere else. As for other projects, again, lets wait and see what they are, where it is, how much money is required to work on those projects and last but not least, where is the money coming from. In conclusion, I am sure everyone appreciate's your comments, but not your unqualified statements. Anyways, I am sure when you posted that the stock was cheap at $5.00, some of my friends were tripping over themselves to get out of the door to go and buy their new trucks, however, I guess they will have to continue driving their old egg beaters until they have more qualified results.
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