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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (22700)	10/23/2003 1:26:55 PM
From: jrhana	Read Replies (1) \| Respond to of 39344

Maybe it is related to this really bizarre South African Law investorshub.com m1.mny.co.za South Africa continues to place an anaconda grip on its miners. There was a seller and there was a buyer. The seller was willing to accept shares as payment so it is at worse I believe a wash. Perhaps it is a positive IMO. At least RDU has complete control of the project and it did not cost them any cash. biz.yahoo.com

To: Claude Cormier who wrote (22700)	10/23/2003 3:28:35 PM
From: jrhana	Read Replies (2) \| Respond to of 39344

Vignettes from a talk with Randy Reifel Actually by my broker who loves talking with these companies Th company is in very strong financial position with around $27,000,000 in cash. The cash position is actually improving. They are interested in exploring for gold and definitely are not miners. They definitely would look to sell whatever deposits they prove up. They have multiple properties with promise and have 11 geologist at work including I believe 4 from Francisco. They are sticking with Mexico and Central America because that is the geologic area that he knows. They will probably be no real drilling results until March or so. They typically take about three years to bring a project to fruition so this is definitely a long term play. Typically the first year is spent in planning as they have been doing. This is the only company he is involved in (although he is the largest shareholder of GLG) and therefore receives his full time attention. He believes strongly in what he has been doing and in fact has been buying heavily to the tune of about 1.5 million additional shares bringing his total shares to over 4.5 million or around 25-27% of the company. He will continue to buy heavily on every pullback as he has been doing. Talk about your insider buying. The companies is extremely strong financially and is not going everywhere. The initial drilling may well prove disappointing (as with any drilling) but he will persevere and they will find what they are looking for (ie gold)sooner or later. The financial strength of the company guarantees staying power. My broker is so impressed with Randy that he has been buying for himself. We have looked at over 50 companies and this is his favorite. If you have any questions for Randy please feel free to call him at 604-731-1094. He says he loves what he does and he loves to talk about it.