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[sharechat] GOLD & RESOURCE DEVELOPMENTS

From:	"Ian Andrews" <iandrews@ihug.co.nz>
Date:	Wed, 4 Oct 2000 08:14:06 +1300

Ex-MacRaes Mining shareholders acquired Convertible Notes in GRD. Those electing to convert to shares as at 30 September 2000 duly have had confirmed that their notes have been cancelled on Computershare Registry's books.

However, as of now GRD has not issued the ordinary shares entitlements, despite being reminded by Computershare Perth.

If one had wanted to sell this week, one would so far have had nothing to sell - shares or notes.

Perhaps this is only another illustration of GRD's cavalier approach to shareholders, & we'll eventually have our shares allocated sometime this week.

Surely conversions should take place simultaneously unless the Investment Statement says otherwise?

Balances may be checked online at www.computershare.com.au

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