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Gold/Mining/Energy : Major General--MGJ -- Ignore unavailable to you. Want to Upgrade?

To: roro who wrote (1414)	8/18/1999 8:51:00 PM
From: Brian Fowler	Read Replies (1) \| Respond to of 1707

It's definitely very bad news with Glenn gone......my guess is he got frustrated with the bad market......MGJ can't raise money....nobody will buy the stock at 20 cents......they have 40M shares out, which is just outrageous for a junior that doesn't have a revenue generating asset, and they don't have a dime in the bank to do any work with, so the properties they own today won't be theirs' next year if the market conditions improve. Hey..can't blame Glenn.....there are a thousand other guys out there that are bailing out too and getting into something else that will put bread on the table. If the IMF stops selling, the Majors' stop selling forward, 100 more mines shut down, and Asian demand doubles, maybe...just maybe....the price of gold will come back to $400/oz where we need it to make any kind of money off these juniors. Until that time????????????........good luck guys!!! Brian Fowler Prospector Hemlo