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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE -- Ignore unavailable to you. Want to Upgrade?

To: Syncrude who wrote (401)	2/1/2003 3:44:43 PM
From: The Vet	Read Replies (1) \| Respond to of 406

Syncrude - Why are you so defensive? I have no problem with you expressing your opinion. If you are a shareholder and you are happy with the information you get from the company that's fine. There is no need for you to do anything. If you don't like the stock; then sell. Your inference that the shareholders who have already joined our group are lying about their shareholding was offensive but I chose to ignore it. Those shareholders have disclosed their names and holdings. These will not be disclosed by me or anyone else but the company can and will be able to check the proxies when that time comes. If anyone has misstated their position it will be disclosed then. Your comments on politics in Venezuela are noted but I personally believe that the lock out which has been orchestrated there is starting to fall apart and the country will soon return to normality. One result however will be that the need for investment, development projects, foreign currency and employment will be increased at the same time as local costs in local currency reduce. The price of gold is well above the figures given out by Gold Reserve as the economic cut-off for the development of Brisas. Crystallex apparently believe that they can develop Las Cristinas while paying a royalty to the CVG at the present POG even without the copper credits. GLR has all of the gold and all of the copper in the same ore body. Copper prices have been firming.