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

To: Syncrude who wrote (189)	12/15/1997 5:44:00 PM
From: Greg R	Read Replies (1) \| Respond to of 406

I wouldn't expect the price to get back to $6 at this time. Gold is lower than it was in November and so low that people are closing mines as opposed to starting up new ones. My assumption is that it would be awhile before GLR's find would be exploited and thus the dampened effect on the price. There is no profit in GLR's near future.

To: Syncrude who wrote (189)	12/15/1997 7:48:00 PM
From: Orwell	Read Replies (2) \| Respond to of 406

GLR has risen 50% in two days, anything else like that happening in the market? The investment community seems quite thrilled to me. GLR issued a press release not too long ago commenting about a court ruling which for the most part did not relate to their specific situation. This PR had quite a negative impact on the stock, if the company was falsely trying to paint a rosey picture, why issue that press release? And why set themselves up again by prematurely issuing the last PR? Buying at the recent low levels without news was gambling, but buying at current levels with news is investing. If you want something 100% guaranteed, I would suggest buying calls in two stocks called "death" and "taxes". O.