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Gold/Mining/Energy : Greenstone (GRERF) -- Ignore unavailable to you. Want to Upgrade?

To: Phil Cressman who wrote (55)	7/28/1998 8:01:00 PM
From: Daytek77	Respond to of 138

Phil Unfortunately Greenstone is caught in the middle ground here. They do not have large established reserves like Placer and ABX and Newmont. They are a rapidly growing concern in a commodity that is completely out of favor. Mutual funds do not want any part of Gold. If they want any diversification they will stick to the big liquid names. Greenstone must do their work, grow and wait for POG sentiment to improve before they make it back into the portfolios of the managers. It will happen but when is the $64,000 question. Gold is just mired in quicksand, seemingly unable to make any inroads. There are many reasons and they do not all point to the CB's. I am amazed at the lack of response by the industry itself. Gotta run, maybe I will get into this in more detail at another time. All the best Tony