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   Gold/Mining/EnergySilver Standard Resources Inc. NSC: SSRI CVE: SSO


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To: Richard Mazzarella who started this subject5/11/2002 4:22:03 AM
From: Henrik
   of 165
 
Silver Standard CLOSEs $16.8 MILLION Private Placement

May 10, 2002 News Release 02-09
Trading Symbols:
Nasdaq SmallCap: SSRI
TSX Venture: SSO
Berlin: 858840

Silver Standard CLOSEs $16.8 MILLION Private Placement

Vancouver, B.C. -- Silver Standard Resources Inc. is pleased to report today the closing of a C$16,800,000 private placement of 4,200,000 units at a price of C$4.00 per unit. Each unit consists of one common share
and one common share purchase warrant. Each warrant is exercisable on payment of C$4.80 into one common share of Silver Standard for two years from the date of closing.

The common shares and any shares issued on payment of finder's fees or exercise of warrants are subject to a four-month hold period that expires at midnight, September 10, 2002.

Silver Standard now has over C$22 million (C$0.60 per share) in working capital. Near-term uses of proceeds include drilling expected to commence shortly at Challacollo in Chile and San Marcial in Mexico,
with further drilling planned in the fall at Bowdens in Australia and Manantial Espejo in Argentina. In addition, the company will continue to acquire silver-dominant projects to increase shareholder leverage to silver.

Silver Standard is a well-financed and significant silver resource company with core projects located in Argentina, Chile, Australia, United States and Mexico.

- 30 -

For further information, contact:

Robert A. Quartermain, President
Silver Standard Resources Inc.
Vancouver, B.C.
(604) 689-3846

or

Paul LaFontaine, Director, Investor Relations
N.A. toll-free: (888) 338-0046
Direct: (604) 484-8212
E-Mail: invest@silverstandard.com <mailto:invest@silver-standard.com>

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To: Henrik who wrote (150)5/20/2002 11:06:35 AM
From: Outer-limits
   of 165
 
Absolutely INCREDIBLE!! SSRI breaches the 4 dollar mark like a whale breaches the surface of the ocean!!! This stock is actually on fire!! With the government buying back its silver supplies, and a downward tilt still evident in the stock market, plus the economy slowing coming back worldwide, SSRI should continue to trend higher. Who knows, one of these days we may actually see the stock in the 5s!!

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To: Outer-limits who wrote (151)5/21/2002 10:42:48 AM
From: Outer-limits
   of 165
 
Just sold SSRI!! When a stock chart goes hyperbolic I get VERY nervous. I also become VERY uneasy when you have 3 gap up days in a row!!!!! I've noticed lately that 3 gap ups in a row is usually all an investor gets before the stock has a big reversal. Could be wrong with SSRI, but baby I'll take a 70% gain in about 2 weeks any day of the week and twice on Sunday. Good Luck to all who still hold this puppy!!!!

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To: Outer-limits who wrote (152)5/22/2002 7:25:16 AM
From: Oak Tree
   of 165
 
I think you are right. I have several thousand shares I bought over two years ago in the 1.7 range. Don't want to screw up my only wining stock in a year. Will sell today. Thanks for the advice I'm sure its good.

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To: Oak Tree who wrote (153)5/22/2002 10:25:13 AM
From: Outer-limits
   of 165
 
If you think silver is going higher, I would only sell 1/3 to half. But if you think silver is very extended (like I do), then you might want to unload the whole position. Either way, you will lock in profits!! Good Luck!!!

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To: Outer-limits who wrote (154)5/22/2002 10:54:25 AM
From: KatayamaGorobei
   of 165
 
silver is extended at $4.80? I disagree. i think we are just getting started.

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To: KatayamaGorobei who wrote (155)5/22/2002 3:00:56 PM
From: Outer-limits
   of 165
 
We might be medium to long term. But the massive move Silver has made during the past few weeks begs for a pullback. When this will happen with all the terrorist scares the government is throwing at us is hard to tell. I would think a big reversal day in the metals may come when we actually have something happen. Sell on the terrible news kind of stuff. Good Luck, I'm on the sidelines waiting for a pullback in SSRI!!!!

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To: Outer-limits who wrote (156)5/22/2002 3:11:09 PM
From: KatayamaGorobei
   of 165
 
Sounds reasonable. My feeling is that the bull market in metals has begun so I am now a buy and holder in this sector, until we get the equivalent of Nazdack Fall of 1999 (or until I feel I have been proven wrong). Good luck trading SSRI, I think the wind is at your back!

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To: Outer-limits who wrote (152)5/22/2002 6:28:09 PM
From: Don Pueblo
   of 165
 
Hiya Pal! You've noticed lately that three gap up days usually signals a big reversal?

Let me grab a pencil and jot that down.

Your big tech "rally" from two weeks ago kinda "reversed" too, eh? That's what you top notch chart readers call it, right? A fizzle?

Did you bail out on your ten dollar JDSU yet? Let me know when you do, will you? I want to know in advance where the exact bottom is on it.

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To: Outer-limits who wrote (154)5/22/2002 7:52:15 PM
From: Oak Tree
   of 165
 
I unloaded ssri at 5 today. You are right, if I had time to watch the market then I should not have sold the whole thing. I check things about once every 10 days -- so I just unloaded. Too many times I've lost big gains because I got greedy -- its one of the great sins.

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