Have you read goldtecks' post on Yahoo on what Batista said about the gold industry? Is this man brain dead? Does he feel the slightest sense of responsibility toward TVX shareholders? I recall how for years TVX traded at roughly a 30% premium to Kinross. Now Kinross trades at a 100% premium to TVX. Maybe it isn't the gold industry that is Jurassic, but Batista. There is only one thing IMO for this CEO to do. Put TVX on the block. It is obvious by his own words that he has no vision for this company. Unbelievable!!!!!!!
Gold is a Jurassic industry"E.Batista
by:ÿ goldteck 19346ÿofÿ19346Brazil's AMX's Batista on $55 Mln Sale to Azurix: Market Voices Bloomberg NewsSeptember 14, 1999, 11:50 a.m. Rio de Janeiro, Sept. 14 (Bloomberg) -- Eike Batista, owner of AMX Acqua Management Inc. comments on the sale of his Brazilian water drilling and water resource management company to
Azurix Corp., a water company formed by Enron Corp., for $55 million in cash, stock and future payments. Batista, a Brazilian,is also the chairman, president and chief executive officer of Canada's TVX Gold Inc.``AMX has been around of 11 years. We have 1,000 wells and data on 10,000. This allows us to provide great service to our industrial and municipal customers.'``We offer clients such as General Motors (in Brazil) water for them at a discount to current supply and we take the risk of finding them the water. Because of the data bank, we have 70 percent of this market today. We hope to buy the rest of the competition.'``The business is huge and I was hoping to go public, but it's clear that we have to consolidate to grow. I was too small to tackle this challenge in Brazil without the backing of Azurix.'``Gold is a Jurassic industry. Water is the industry of the 21st century.'
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