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Silverado
Bob Moriarty
January 22, 2003
Sherrie Gossett's
trashing of Silverado on WorldNetDaily last night is a hatchet
job of The First Order, albeit an extremely well-researched hatchet
job.
When I read
the piece last night, we were in a quandary as to whether we
should post a link or not; Silverado have been faithful advertisers
at 321gold for many months, (they pay us $1,000 a month, no stock/no
options), I have visited Silverado's offices in Vancouver, I
am going up to Alaska to see the Nolan property this summer and
I count Garry Anselmo as a good gold friend. And we have posted
various positive analyses of the stock, both from a fundamental
and a technical viewpoint.
Last night
we decided against posting a link.
But today I
have received so many emails from Silverado stockholders and
321gold subscribers, that we feel we must make the piece available
to our readers.
Obviously the
article raises some real issues of overstating resources and
assets. If they are true, Garry should come clean and put this
behind him.
Other issues,
such as how much gold they are physically producing 'this year,'
are totally absurd. Nolan is 100 miles north of the Arctic Circle.
The rivers freeze in early September and remain frozen until
June. So anyone talking about producing gold 'this year' at Nolan
when they only began work in October (2002) would be talking
about doing the actual recovery starting in June (2003).
Silverado got
overpriced and I was suggesting people sell
it
at $.75 in December. But they do have cash in the bank and are
mining gold today. The stock has a price where it's worth buying
and a price where it's worth selling.
But above all,
the reader must realize that each investor is responsible for
his own due diligence. It's your money and no one can take the
responsibility for you.
Jan 21 Canada's Silverado: hottest
gold stock? Sherrie Gossett WND
-Bob Moriarty
January 22, 2003
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321gold Inc Miami USA
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