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Gold/Mining/Energy : Eldorado -- Ignore unavailable to you. Want to Upgrade?

To: Lalit Jain who wrote (493)	1/14/2001 12:40:31 PM
From: Alex	Respond to of 527

Lalit. Thanks for the note. Sorry for the delay in replying but I've been tied up with family illness for the past while. Don't take Liz too seriously. She's been calling for the demise of Eldorado for some time and can't understand how they've managed to actually earn money, have a positive cash flow, and reduce debt through these bad times. Something even some majors are having trouble doing. The dilution does worry me somewhat, but it will be worth it IMHO if/when they can mine Turkey at $138-$150 per ounce. Regards, Alex

To: Lalit Jain who wrote (493)	1/14/2001 1:44:03 PM
From: Alex	Read Replies (1) \| Respond to of 527

And Lalit, it's Shareholders Equity that's -$244 million. That's not debt. Their debt has fallen by more than half, to about $20 million, since Liz first started trashing this stock here. eldoradogold.com As you well know, this is the toughest of sectors to be in right now, especially for juniors. But give us a fighting chance with a rising pog and see what happens. Although I am disappointed with the share price of ELD right now, I have to say that this management has done a fantastic job, IMO, seeing this company through these difficult times. Our day will come again IMO. Regards, Alex