Ballad Ent.;BDC.Vancouver Message Board

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Gold/Mining/Energy : Ballad Ent.;BDC.Vancouver

BDC 117.81

+1.1%

Jan 2 9:30 AM EST

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To: arizona_ice_tea who wrote (29)	3/11/1997 4:53:00 PM
From: arizona_ice_tea	of 107

This is a very big deal!!! I think this is a major milestone for Ballad. But the expectation from a lot of investors were too high. I heard prices of c$12, c$15 or even c$30. But I think a lot of investors don't really understand what did happen. Please read again one part of the press release. They value one Ballad share with US 7.00 which would be c$ 9.50. Current stock price is c$ 5.30. This is bargain!!! I personally think there is no reason the sell the stock. There are a lot of reasons to buy the stock. "Under the terms of the preliminary agreement by which Ballad will acquire all of the issued and outstanding shares of TVX Peru, Ballad will be required to issue 300,000 common shares from treasury to TVX at a deemed price calculated as the greater of US$7.00 per share or the market price of Ballad's shares on the day of closing. These Ballad shares will not be freely tradeable for one year from issuance. Ballad also holds certain rights of first refusal to purchase the shares upon TVX's sale of the shares." Good luck to everbody Michael

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