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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL
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To: jocko who wrote (2490)7/12/1999 12:05:00 PM
From: Mike Paulin  Read Replies (2) of 2635
 
Hi Jocko, maybe you can tell me why they will need 4 millions canadian
dollar, when kinross is paying for the drilling.
Basically they need money for offices and payroll plus regular expenses.
If you look @ the past even when drilling they never spend that much money.
Now Kinross is going to spend this year 1.5 million on the Railroad
and MIQ management need 4 millions??????????
Again looking @ past history of MIQ, I am wondering what type of
deal they are planning on our back.
Would it be better to have a formal confirmation of the value of the
contents of the property, before spending the money.
But then again, concern of outsider shareholder money, never appear
to be a concern for management.
By the way, about, your comment on the reverse split, I do not like it.
But to be honest with you I will prefer to see a reduction on the
number of shares instead of a double.
Sincerely, Michel
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