TITANIUM CORPORATION INC.- The Next Major Mining Play Message Board

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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play

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To: chevalier who wrote (113)	10/8/1999 9:50:00 AM
From: Winzer	Read Replies (1) of 343

The last past of the article in the G&M on Monday, quoted again below, suggests that because of the potential devastation that can be caused by further unemployment, that Sysco may have to realize some payback for the sunken costs incurred in turning the ailing steel plant around. Even politicians faced with the alternative (massive employment in Sydney NS) will do the right thing (political about face) and continue to fund the reengineering to save those (an spinoff) jobs that are now in limbo. <<But Hoogovens is quietly preparing arguments to persuade the government to keep operating Sysco beyond Jan. 1 even if a buyer hasn't been found by then. Chief among the plans was the announcement last week of an important steel industry quality assurance certificate. The operators are also trying to diversify the kind of products Sysco, a rail maker, produces. Mr. Thompson said shutting Sysco would be a real loss for the province, not only in the 700 jobs it would kill, but also because of the effort that's gone into turning the company around. "If we go down fighting, we go down fighting," he said.>> Winzer

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