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

To: VAUGHN who wrote (683)	3/19/1998 1:50:00 PM
From: Dave R. Webb	Read Replies (2) \| Respond to of 1030

I won't comment on rumours, but I can say that GMD is still operating. What our release said is that no NEW work would commence until we completed our review of the Company. Understand that there was ongoing work that is still proceeding, albeit at a reduced pace. GMD will have some news out soon, and it will reveal the direction the Company has opted to focus on. GMD is a technically very strong company. It has a very strong following and support base in its shareholders, and will proceed in a manner consistent with good business practices. We have in the past released positive results from the Discovery Mine and Royce Group projects. This hasn't changed. Perhaps the pause that was forced upon us may actually have provided the Company with an opportunity to review the existing data and make better informed decisions without the constant pressure for newer, bigger, and better results being demanded. I think you'll be pleased with the results. Dave