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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dirks who wrote (1467)	10/8/1998 7:34:00 PM
From: Andrew	Read Replies (1) \| Respond to of 81220

I can understand your negativity however I've got a pretty good idea which fund company may be dumping GRE as they had GRE in 3 different funds under their management and recently changed one of their high profile managers who always seemed to overweight gold stocks in funds he controlled. The positions in the funds were not small ones. I don't want to say who it is because my source may be completely wrong but it might be easy to draw conclusions. On a positive note the most recent issue of investors digest mentions GRE a couple of times and the same publication had a recomendation a few issues back, I'll look it up when I get home to see who recomended it.

To: Robert Dirks who wrote (1467)	10/8/1998 9:08:00 PM
From: Jim McMannis	Respond to of 81220

They always buy the big ones in the beginning of a Gold move... Greenstone wasn't on the list I guess... Jim

To: Robert Dirks who wrote (1467)	10/8/1998 9:46:00 PM
From: Baba 2	Read Replies (2) \| Respond to of 81220

RD, To each his own....However let's play with some numbers...Next year 400,000 oz of production with total costs of $157/oz. Now with a price of $317 for 1999 that's a profit of $160/oz. Net profit forecasted at $64,000,000. With 69 mill shares out, next yr. we're at $.95 cents/share. Share price $1.50 means we're about 1.5x next yrs. earnings...........Pretty damn cheap in my opinion.......

To: Robert Dirks who wrote (1467)	10/14/1998 2:34:00 PM
From: Peter Neidhardt	Read Replies (1) \| Respond to of 81220

I heard on another board something about the bank possibly re-calling the $25 million loan that Greenstone has if they don't meet certain production numbers this year for some reason. It has been looking very sickly in an up gold market (or at least last week). Obviousily there must be an underlining issue for the price says it all. Hesitant to put my money in it now. Next support level I see will either be $1.75 or $1.50. Sure would make a damn fine play if gold were to really rally! Pete