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Gold/Mining/Energy : GMD RESOURCE -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (626)	2/11/1998 4:13:00 PM
From: Rick W.	Respond to of 1030

I always enjoy your succinct imput. Keep it up in the usual objective way.

To: VAUGHN who wrote (626)	2/11/1998 7:46:00 PM
From: Richnorth	Read Replies (1) \| Respond to of 1030

First of all, I wish to say I agree with you with regard to how Don Farrell's actions (deliberate or otherwise) have hurt GMD and its shareholders. I don't know Jay Taylor personally. As he is a friend of Don Farrell, I am not in the least surprised he wrote in defence/support of him. However, JT's article, IMHO, has merit in that it describes the predatory and shorting tendencies of the brokerage houses/financing companies of the VSE, and I believe this is important, especially to newcomers trading on the VSE. BTW, JT has also written a recommendation for GMD in December 1996. It can be found on GMD's website (http://www.gmd-res.com). At the Mining Conference held in Vancouver (Jan. 25th & 26th), I heard opinions of sorts like: "What a raid or heist on GMD's coffers!!! The guy (or guys) who did it couldn't have picked a better time!!! Heard da' whole damned thing got started in early December and no one blew da' whistle until end of December!!! Seems that whoever did it took advantage of da'X'mas and New Year holidays..................." "Someone got impatient and wanted out, seeing that gold wasn't likely to make any spectacular moves anytime soon, perhaps not for at least a couple of years.............................." "Doesn't smell good! They've gotten themselves into trouble with da' VSE. I don't think da' money will ever be returned. Truth is they don't have da' money! Not anymore!!! If I were you, forget GMD, 'cause there are safer stocks........................" And so on and so forth. Since then, a requirement for resumption of trading was that DF and LMX had to pay back the "loans". I wonder if this is enforceable and whether the ex-directors could get back on to the GMD board in the near future? Don Farrell has proven himself a good fund raiser for GMD. Most likely, his services will still be needed? Your comments, please.

To: VAUGHN who wrote (626)	2/12/1998 2:37:00 AM
From: Cal Powers	Read Replies (2) \| Respond to of 1030

Vaughan, I wonder when the first shareholders' legal action will be launched against Farrell and his deposed directors? Seems to me that there should be quite a lot of investors who were hurt when certain directors and Farrell didn't exercise their fiduciary duties to ensure that GMD operated in a proper businesslike manner. There's always a large risk of losing your shirt betting on juniors, but when managment is your worst enemy, the risk is probably a 100% guaranteed to happen. I will be watching with interest to see how this tale unfolds. Cal.

To: VAUGHN who wrote (626)	2/13/1998 6:09:00 PM
From: Goldy	Read Replies (1) \| Respond to of 1030

Vaughn: I agree with your posting, and am ever amazed with how shareholders of any company such as GMD are surprised when the rug gets pulled, wonder and ponder why their 'investment' suddenly went sour with management strategies such as the ones you've stated. Unfortunately, GMD has an extreme credibility gap, and it's likely time to move on to another crap table(no pun intended). This stock will rise again, but not in the foreseeable future. DISCOVERY is an improbable venture at this point, given the gold prices and likelihood of a further find in this locale. I say that with a fair understanding on NWT prospects, but also because this 'play' was a 'spec' and has gone the way of many promoted 'opportunities'. Regardless, good luck to those who want to hang in there.