Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Daniel who wrote (278)	7/12/1998 12:40:00 PM
From: Syncrude	Read Replies (2) \| Respond to of 406

The 1997 annual report showed roughly $28.3mm USD in cash and investments, not counting the $4.5 litigation settlement held in escrow which was released in March 1998. The 1998 corporate budget is $6mm USD with $4mm of that amount for drilling and completion of the feasibility study. Assuming interest income of $325K per quarter, one could guess that GLR probably has at least $25mm USD in cash and investments. There were 22,974,143 shares outstanding on 1997 12 31. There is still no word on the completion of the process to obtain the veta rights for Brisas. A call to the Company might get you a firmer indication on the cash reserves and when they expect the veta right process to be completed. (1-800-625-9550 from USA or 1-509-623-1500)