Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (83889)	10/2/2000 11:50:21 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Earlie, I don't think so. Leverage is the enemy of cos. when the market crashes, and Fannie has always gotten killed in downturns. Freddie hasn't been around long enough to see how they fare when the collateral goes south, but, since they are taking even bigger gambles than Fannie, my guess is that both cos' new CEOs will be going hat in hand into a Congress begging for money out of a surplus that never existed. And that will kill their stocks.

To: Earlie who wrote (83889)	10/2/2000 5:46:20 PM
From: Ronald J. Clark	Read Replies (2) \| Respond to of 132070

Earlie, What do you make of the following news release re: Greystar? Greystar Resources Ltd. 10/2/00 - Greystar To Diversify Into Skyrocketing Natural Gas Greystar Resources Ltd. (GSL-TSE) is to diversify into the natural gas business while retaining its precious-metals asset base. Subject to TSE acceptance, Greystar will acquire working interests in two natural gas prospects known as the Cottonwood Gulch Prospect (42.5%) and North Craig Prospect (35%) covering approximately 3,574 acres (1446 ha) and 3,700 acres (1500 ha) respectively in Moffatt County, Colorado, USA. These prospects, each with the potential for a dozen wells, are in the upper Cretaceous Lewis Formation, the sandstones of which have produced approximately 27 billion cubic feet of gas at moderate to shallow depths. Initially, two wells are to be drilled on the Cottonwood Prospect and one well is to be drilled on the North Craig Prospect for a cost to Greystar of approximately US$330,000 (not including completion costs). Drilling will commence as soon as possible, depending on equipment availability. Opportunities for further development of Greystar's wholly-owned Angostura Gold-Silver Project are still being actively pursued, although cash expenditures will be curtailed until metal prices show marked improvement. Greystar Resources Ltd. is a debt-free acquisition, exploration, and development company with a current cash position of CDN$3.2 million. The Angostura Gold-Silver Project in Northeast Colombia has resources of 4.9 million ounces gold and 18 million ounces silver (estimate released 23 November 1999). Kinross Gold Corporation has stated it owns 21.6% of Greystar. For more information, please visit our website at greystarresources.com or contact: