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Gold/Mining/Energy : Dakota Mining DKT

DKT 25.00

0.0%

Dec 27 4:00 PM EST

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To: Steven Coull who wrote ()	5/13/1998 6:02:00 PM
From: bob k	Read Replies (1) of 141

The new finance guy at DKT is John Alland, he previously was an officer with over 10 years service from Echo Bay Mines. Would you join a company with severe liquidity problems??? Maybe no real problems! Things are changing........... Another note: I believe they are in the process of refinancing their way out of their only big problem. That problem is the near term debt (10 MILLION) with the Rothschilds, they will refinance now utilizing COLLATERAL. That collateral I believe is the gold (52,000 oz) that was in inventory on Jan 1. The reason, perhaps gambling with the inventory for the higher gold price that they expect. Why not just pay off the debt? CEO expert smells bigger profit. Result: NO DEBT!!!!!!!!!!!! NO FORWARD SALES!!!!!!!! BEST POSITION FOR STOCKHOLDER INTERESTS....... GREAT PRODUCTION (150,000 oz+)........ CORPORATE COSTS @ 250 PER OZ. OR LESS. POSSIBLE MUCH MUCH HIGHER STOCK PRICE. We shall see! Anyone and everyone out there please confirm, correct, modify, or best guess any of the above. p.s. I really liked Brian Cramm! Good luck Brian to you and your family.

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