Bodes well for SUNR IMO:
Pan American Silver Corp -
NYT says Pan American stake picked up by Bill Gates
Pan American Silver Corp PAA
Shares issued 28,755,761 1999-09-28 close $9.6
Wednesday Sep 29 1999
The New York Times reports in a lead business story in its Wednesday edition that Bill Gates, the world's richest man and the chairman of Microsoft, has bought 10.3 per cent of Pan American Silver, a tiny silver mining company based in Vancouver. Reporter Gretchen Morgenson says the $15-million (U.S.) investment, made by Cascade Investment LLC, one of Mr. Gates's personal investing companies, was made public in a filing with the Securities and Exchange Commission on Tuesday. Although Mr. Gates's investment in Pan American Silver is only a fraction of his net worth, it is nevertheless a significant vote of confidence in the metals markets. News of Mr. Gates's purchase comes at a time when precious metals prices are jumping. On Tuesday, the price of gold rose 9 per cent, the biggest gain in almost two decades. Mr. Gates's investment in silver places him in the company of Warren Buffett, often referred to as the sage of Omaha for his investing success over the years.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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