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

To: AL R who wrote (264)	3/7/1998 12:59:00 AM
From: shorty	Read Replies (1) \| Respond to of 406

Patience, everyone knows now, there hasn't been any heavy selling, two factors now are #1 PDG's claim simply because its not a stand alone project. GLR is just being priced. #2 current POG makes this a difficult project to get completed, a few years down the road it will be a company maker. The biggest problem is Chrystallex looking for a payoff, this has put PDG in a bind and stepping back until things are clarified was the right thing to do. Crystallex could never get this off the gound, they are so far in the hole (figuratively speaking)the only thing they could do is sell it off. Net result GLR just has to sit and wait. Good luck to everyone that owns this stock. Rumor has it there is a huge rainbow over this part of Venuzuela.

To: AL R who wrote (264)	3/7/1998 11:41:00 AM
From: Syncrude	Respond to of 406

As you know, Placer Dome led many to believe they had ownership rights to Las Cristinas. It is now very clear that PDG only had a contract of work. Crystallex has, through previous Supreme Court rulings, had its ownership rights confirmed. Work has stopped as Las Cristinas and the market is awaiting the next Supreme Court ruling, which is expected to reverse the Ministry of Mines granting of mining rights to Las Cristinas. Crystallex will then proceed to have this property developed. These plans will likely include Brisas. Another factor to explain to flat price of GLR is the past experience we have had with management press releases. The market is now very skeptical about anything GLR management says.