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FL

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Alias Born 03/20/2004

FL

Re: Ed Monton post# 632

Wednesday, 07/28/2004 8:28:04 PM

Wednesday, July 28, 2004 8:28:04 PM

Post# of 2138
Interesting: Glencar, Moydow BOTH hit gold, mutual back-ins

So Glencar (GLC on London AIM and Dublin) and Moydow (MOY.TO), after they split their Kayankaw-Asheba property into two separate pieces with separate drilling operations, each retained back-in rights to the property of the other. Now they have both hit nice gold intersections on their respective pieces, on the same basic trend, in the last few weeks.

Will they now exercise their back-in rights on each other, now that high-grade gold has been found on both pieces of property? Or will they instead conserve their monies for their own respective (separately administered) drilling operations?

[ Note: I don't own any stock in either one. ] Glencar has arguably done the best of any West African gold explorer stock in the last year. Moydow, after its splendid sale of its main Ghana property to Newmont (NEM) and big capital payment to MOY shareholders, seemed to shift focus to Canada and the stock did not thrive. See the stock charts in the header.

If one were considering buying into Glencar or Moydow, based on the Ghana discoveries and mutual back-in rights, which is the better of the two at current stock prices?

FL

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