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Gold/Mining/Energy : CDN. MOMO PUPPIES
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To: david who wrote (9628)9/29/1999 12:29:00 PM
From: Shaw  Read Replies (1) of 36688
 
Fuddle may be right about the ADR comment, multiples play a role, for sure. I have looked at a few more things and continue to be a little stumped. They owned almost 200 million shares of Lihir (this summer) at a market value of +200M US. That makes Lihir a billion dollar gold company, are they??? Also the market knew about this 200 million dollar (US) asset and the stock was recently trading at 7 cents, with a market cap of under 10 million Canadian?? Very strange.

Dean
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