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Gold/Mining/Energy : Free for all as quebec nickel-copper rush is on
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To: stak who wrote (27)10/25/1996 7:30:00 PM
From: nammir chucri   of 138
 
I don't see any kind of emergency in their move,it appears much more
like a reevalution of the sectors they want to be in and focusing
on their real field of expertise.They were able to raise $109 million
in equity financing,so I do not think $10 million less or more will
make a great difference for them,it is much more that they did find
the financial institutions ready to buy their shares in ITEC at a fair
price ,moreover these guys are on so many projects,that
ITEC was not a priority,if their is a potential in ITEC(the technology
up to know has worked on a little scale)their is much more fast
potential in mineral exploration,as for Sept-Iles and if they do
have something they won't find any difficulty for financing;the market
is screaming for good news.
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