RE: Barkerville retracts inferred resources
Van Sun says Wayside advertorial money not well spent
2000-06-12 09:02 ET - In the News
The Vancouver Sun reports in its Saturday edition that memories of the Bre-X Minerals scandal, a colourful Howe Street promoter and imprecise exploration methods, appear to be behind a month-long trading halt of International Wayside Gold Mines. The Sun's David Baines writes that Wayside, whose shares traded up to $2.04 on May 10 on heavy volume before the Canadian Venture Exchange halted trading, remains in limbo while the company works on a response to a long list of CDNX questions and requirements. Letter writer John Kaiser calls Wayside president Frank Callaghan a "colourful, old-style Howe Street promoter," the opposite image that the exchange wants to convey. The company suffered a public relations setback when Stockwatch reprinted the text of a Wayside advertorial in The Bull & Bear tout sheet. In it, Mr. Callaghan said he would be disappointed if the Cariboo deposit were not as big as Hemlo, and that the deposit would expand with more drilling. "It's like standing in the middle of a lake so big that you can't see to either side," he said in The Bull & Bear. Mr. Callaghan told The Sun, however, "I was misquoted" in his advertorial. "I mean, how do you stand in the middle of a lake?"
https://www.stockwatch.com/News/Item.aspx?bid=Z-C:IWA-121509&symbol=IWA®ion=C