Corner Bay Silver (BAY.T) Message Board

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Gold/Mining/Energy : Corner Bay Silver (BAY.T)

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To: Frankly Speaking who wrote (540)	12/21/1999 12:35:00 AM
From: Claude Cormier	of 4409

FS, I can say that BAY management has very good contacts in the Toronto area...(like those who took the private placement at $3 last week). I know they want to do it...unless of course they receive a deal that they can't refuse. So if they go alone, they will finance via a combination of debt and equity. The next round of drilling and the results of the metallurgical tests "could" (I think I should say "will"... but who really knows) move the stock much higher if all goes well.... So this would allow for very little dillution... In the end we may end up with less than 15M shares out and all the money to develop this thing. But again, the odds are that a mid-tier or senior will take them over. All will depends on the ultimate size of this thing. The bigger it gets, the stronger will be the odds for a takeover.

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