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Gold/Mining/Energy : Mountain Lake Resources Ltd ( MOA) VSE -- Ignore unavailable to you. Want to Upgrade?

To: jocko who wrote (413)	2/11/2000 10:18:00 PM
From: jocko	Respond to of 598

7p EST Friday, February 11, 2000 Dear Friend of GATA and Gold: Here's a dispatch by GATA Chairman Bill Murphy, correcting a statement he made yesterday about Homestake Mining on the basis of an inaccurate news service report. Thankfully, Homestake remains among the good guys on the hedging issue, where it always has been. Please help us spread the accurate word about Homestake by posting this as seems useful. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. * * * By Bill Murphy www.LeMetropoleCafe.com Friday, February 11, 2000 It pleases me to tell you that a wire service took out of context the recent comments by Jack Thomson, chairman of Homestake Mining. One of GATA's most ardent supporters and a significant Homestake shareholder spoke to the chairman today and dicovered that he was so upset about the wire service story. The GATA supporter told me that Thompson is one stand- up guy, could not have been nicer, and is very bullish about the price prospects for gold. Some highlites of what Thompson had to say: -- The day of reckoning for the shorts is nearing. -- A tremendous amount of selling or liquidity has been absorbed by the gold market buyers. That liquidity is going to dry up and buying gold in size will be much more difficult without having to pay up for it. -- Homestake is lightly hedged and will stay that way. The amount of hedging that Homestake does amounts to about the mere rounding error of its competition. This is bood news both for the gold market and for all you Homestake shareholders. -END- ------------------------------------------------------------------------ eLerts! Save cash today! click.egroups.com -- Talk to your group with your own voice! -- egroups.com