Gold Reserves Limited GLR - TSE Message Board

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

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To: Cyber Rock who wrote (35)	1/27/1997 11:55:00 PM
From: John Stopforth	of 406

Clar This will be a good stock to own if the price of gold increases. They have a proven reserve of 6 million ounces and should be announcing higher numbers. The stock has been beaten up lately, down 50%, but shows it's forming a bottom. I saw a television program last week, can't recall the program, that said short sellers now have a position in gold as big as the production of South Africa. If the price of gold continues to go up, there will be a lot of short covering which will drive the stock up. Watch for an up tick in the stock on heavy volume then we should see some good upward movement. Cheers from the Rockies! John

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