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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (727)	4/11/2000 8:01:00 AM
From: Dan P	Read Replies (2) \| Respond to of 1321

Claude: I am a bit puzzled. I am trying to decide if you are a newsletter writer, or a commentator on stocks that are on the move, or both. I am not aware of any other newsletter writer who comments on stocks on the internet, and at the same time writes a letter on the stocks in the sector. It seems to me that this sets up a conflict of interest, much as if an IR person of a company getting involved with posts on that specific company's thread. What exactly are you trying to accomplish by commenting on stocks you haven't recommended, as well as the ones you have? Makes me wonder why I bothered to subscribe to your letter. When you state that you think this stock is overvalued, are you aware that you might influence some to sell, and thereby lead to drop in the value of my holdings? Or any other stock, for that matter. I don't recall you mentioning IWA last fall, when it was clearly a great buy. I originally bought the stock last year because I have met management, and was convinced that they were headed toward production. They believed back then that they had not just one, but several million oz of gold, even without the recent discovery. With regard to the price movement, that is clearly what happens to a stock when the expectation is that the company has a new, important discovery, with unknown potential. Who knows? There could be several million ounces just in the present discovery. I don't think that the two majors that have expressed interest in the project are just blowing smoke. You suggest that they need " 2 to 3 million ounces" to justify the present market cap. Apparently, that is what the market anticipates. There may be a lot more to this story than you are aware of. In the end, any comments you make or that I post won't have much effect on the ultimate price this stock achieves. If they have the goods, as I believe they do, this stock is going much higher, whether you believe that it is over- valued or not. If I am wrong, then we may have seen the highs already. Dan