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Gold/Mining/Energy : GLAMIS GOLD - GLG -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (278)	7/4/2000 3:35:27 PM
From: Chispas	Read Replies (1) \| Respond to of 459

From the TORONTO GLOBE & MAIL: "TIP SHEET A daily compendium of market analysis, insights and tips Tuesday, July 4, 2000 Glamis has glimmer: As Newcrest Capital said in a report, gold producers are "swimming against the current of low gold prices." This doesn't make life easy for the companies, and it puts a heavy emphasis on the producers' ore reserves and their ability to extract the gold at a profit. In this difficult terrain, Newcrest initiated coverage of Reno, Nev.-based Glamis Gold Ltd. (GLG--TSE) with a "buy" rating, saying the company "provides investors with good operating leverage to the gold price with minimal balance sheet risk. The company has a solid operating team that has shown a knack for acquiring reserves at attractive prices." Newcrest's 12-month target price for the stock is $3.50. It closed Friday on the TSE at $2.80." <snip>