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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (9630)	3/20/2002 8:19:11 AM
From: Roebear	Read Replies (1) \| Respond to of 36161

Japan still buying, albeit more slowly: "The nugget: Japanese investors imported 19,754 kilograms of gold in February, up a stunning 662 percent from the same month last year, according to the government's trade report Wednesday. This month, says Itsuo Toshima, regional director of the World Gold Council, gold buying in Japan "has slowed, although (is) still double to triple year-to-year in March..." cbs.marketwatch.com Best Regards, Roebear

To: TheBusDriver who wrote (9630)	3/20/2002 10:16:51 AM
From: TrueScouse	Read Replies (1) \| Respond to of 36161

Wayne: Re. GNG: <<Did they say how much cash they had?>> I didn't ask, but they said they have enough for the next 5,000 metres drilling. Regarding trading, IMO you did well yesterday if you sold at $0.50 and got back in at $0.42. I'm not sure it'll go much lower than this, since I think Mr. Sorbara's family and friends will be picking them up. The stock has quite a big institutional/corporate following (Prudent Bear: 1 m. shares + 1 m. warrants; Jupangu (sp?): 1 m. shares; Agnico: 0.5 m. shares + 0.5 m. warrants; Capital Pro in Geneva, etc.) But I agree that it won't go very far without some good drill results. The next set should be out fairly soon, I think. They've been drilling on the next target. Apparently the last set were delayed because of some restructuring at the assay company (Chemex I think) holding up the final drillhole. Sorbara had said he would only release the results once he had a complete set. Hang in there buddy! This one may help make you RI** eventually -- but don't tell anyone. :^) Howy