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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Len Hynes who wrote (517)	6/13/2000 2:05:00 PM
From: Leigh McBain	Read Replies (2) \| Respond to of 601

Hello DRT, I agree there was certainly speculation built into Stratic, as there probably should have been. As that's the nature of the junior market. As for GNY itself, they have been able to show improvements in the bottom line both from an increased production and a cost management perspective - a VERY good combination!! I, like Len, have also heard that they will continue to work on possibilities in that neck of the world and expect we will see something come to fruition in the foreseeable future. Salut, Leigh McBain

To: Len Hynes who wrote (517)	6/13/2000 4:11:00 PM
From: WWS	Read Replies (1) \| Respond to of 601

Now GNY plans to "retire" up to 9% of its shares to be purchased on the open market. They're attributing this action to the fact that they consider their shares "undervalued" in relation to their operations and prospects. Well, here's an idea...take the million dollars that they're going to spend "retiring shares" and DRILL A WELL. Nothing like a wet well to support the share price. Or if they've got $1mm just sitting around with nothing better to do with it than to build a retirement home for old shares, then why not do a special one-time cash dividend to shareholders? That's the only sure way for shareholders to benefit. Either way, either a new well or a cash dividend, says "we're trying" more than does a share buyback. Because share buybacks for small companies like GNY are ridiculous. They exhaust valuable cashflow just to boost the share price to benefit insiders who are obviously waiting in the wings to dump lots of cheap paper onto the market once the buyback is done. biz.yahoo.com