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Gold/Mining/Energy : GOLDEN RULE (tse:GNU) -- Ignore unavailable to you. Want to Upgrade?


To: Peter Neidhardt who wrote (938)7/22/1998 12:58:00 AM
From: Graystone  Read Replies (2) | Respond to of 957
 
Hello Peter, I hope you are well.
or
Hurting

I don't think you are alone in your distress.
I also don't think that Golden Rule management can be called scamsters.
The situation you are in is typical of all investors in the Canadian mining markets, many depressed juniors.
AMCL was the company that was called in to take a look at the situation, as you are aware.
A very good case may be made for managerial incompetence.
The facts are clear.
This was an area centered on old gold workings.
The local workers were very familiar with gold.
Golden Rule managers ignored these facts.
Supervisory negligence I believe.
I believe AMCL actually said it was a salting of grab samples, and I think it likely occurred at the time of the grab.
I suspect that the older locals may have instructed the workers on exactly how to accomplish this, even up to and providing gold rich sample material to grab, it is better to be working than not, again this is my opinion.
Many people disagree with me, many agree.
I think gold.ca is exactly what it appears to be, a review of a highly speculative group of junior mining exploration companies.
Canadian Junior have provided some of the greatest appreciations and disappointments of any market sector.

There was a rather large article about First Marathon and their role in the Cartaway Affair, I can't provide the link. That's a scam.