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

To: virginijus poshkus who wrote (133)	11/16/1997 2:15:00 PM
From: barry doment	Read Replies (1) \| Respond to of 406

It would be nice if someone could contact doug belanger or someone else at Gold Reserve to see what their views are....Wonder if they will get rid of the extra executives that they hired recently for the development of their mine.I think that the 7 million ounces is including the deep drilling aspect.

To: virginijus poshkus who wrote (133)	11/16/1997 9:37:00 PM
From: Orwell	Read Replies (1) \| Respond to of 406

How can Venezuala afford not to develop their major finds. GLR isn't exactly in the middle of the forest, plus their application was originally made in 1993, a process was laid out before them, and they've been following the steps. This is not like a BreX, the gold is there, and everything independently confirmed, and compared to something like BGO/AZS it is a higher grade and more easily accessible. The reason for the low share price is clear, and it wouldn't be a bargain if not for that reason. Yes, in general, there will be no new mining concessions, but specifically in GLRs case, while they have not said "Yes", neither have they said "No" to GLR. If it will be a No, then fine, the stock can fall to cash value (but believe me GLR would probably sue for a minimum of the $60 million they've already spent), so from that standpoint the cash value of the shares would be over $4.00 alone. Right now there is nothing to be lost if one doesn't sell, and ultimately not much to lose form these levels anyway. And if GLR gets their Yes, the stock would minimally double from these levels. O.

To: virginijus poshkus who wrote (133)	12/13/1997 4:06:00 PM
From: Orwell	Read Replies (1) \| Respond to of 406

<< the stock appears to be a long term buy at these prices but you need balls of steel to get through the next few months. good luck to all>> Looks like those with the steel may be rewarded. Difficult to know what to do now, recent buyers will want to take quick profits, recent sellers can't buy back in right away (unless forfeiting the capital losses which are worth quite a bit). And the bullion is still falling. And the press release states, "Ministry of Energy and Mines has approved and issued a resolution instructing the issuance of the Brisas hardrock mining title", which isn't exactly the same thing as saying that the title HAS been issued. O.