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

To: Greg R who wrote (219)12/30/1997 4:22:00 PM
From: Syncrude  Respond to of 406
 
Probably source of cheap shares drying up slowly. Buyers will likely have to pay more. We are nearing end of 30 day perdiod during which oppisition to resolution (granting hard-rock rights to Brisas) can be expressed (Jan 12). End of tax loss season as well. Midland appears to continue NET purchases. Possible anticipation of joint-venture or takeover of GLR. Take your pick. Remember where GLR has come down from in the past few weeks and months!!



To: Greg R who wrote (219)12/30/1997 8:42:00 PM
From: The Vet  Read Replies (1) | Respond to of 406
 
Even if gold was $200 an oz GLR is way undervalued just on a reserves basis alone. Any price below $5 CAD just had to be a give away and you can be sure all of the majors with cash in their pockets know that as well as you or I... Gold still takes $20 to $25 USD an oz to find and prove up any economic deposit. Proven reserves at anything cheaper than that is money in the bank!


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