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

To: Syncrude who wrote (235)	1/8/1998 6:26:00 PM
From: tanoose	Respond to of 406

Hello Patrick; I tried calling and couldn't get anyone, so I can't add any more to this, but as you say, something has been screwed up by this management, or some other entity in Venezuela. With the House of Representatives being called in, I'm sure we will see more delays, it is a most unfortunate situation. Somebody fumbled, and dropped the ball, with this and it will most likely be the shareholder that will pay or have his or her money tied up for a long time?? Just what we need another elongated legal abyss, from which we know not when we return, kay sera sera! A well worded post my friend! With regards,Frank

To: Syncrude who wrote (235)	1/8/1998 8:30:00 PM
From: ian dodge	Read Replies (1) \| Respond to of 406

Patrick, You should really talk to Doug Bellanger at GLR, to get a balanced view of the status of the venture. I understand he has, in fact, talked to Carson, but not perhaps fondly.... In Wednesday's article Carson states that "a Venezuelan House of Representatives Committee has been asked to investigate ....." As the House is not currently in session and I am not aware of any standing committees, it begs questions around exactly who has done the asking, what committee has been asked and how???. After all, you or I could write a letter to President Caldera asking that a committee investigate,..., then we could truthfully report the same sensational story. As to the 30 days, had Carson realized/indicated that Venesuelan law requires 30 BUSINESS days, perhaps there would be less of a story. I understand GLR's alluvial rights do not expire until 2008, so i find it difficult to take the forfeiture issue seriously. Incidently, KRY's alluvial rights at Albino expire in March, which could be of far more significance to that play. As for GLR responding, I understand Carson is not an accredited reporter. Any formal response to internet gossip is not warranted and could be misleading. I do agree that the company must be responsive to direct questions from shareholders and my experience is that it is and continues to be. I'm certainly no expert, but given that the abundance of inference, the absence of support, any my experience to the contrary, it's my opinion that in this case at least, Mr. Carson is simply not letting the facts get in the way of a good story. I would hope you will not do the same.