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Gold/Mining/Energy : mxp (mesa Inc)
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To: Ron Schipper who wrote (254)4/9/1997 5:48:00 PM
From: Bagladdy   of 394
 
Ron,

Any ideas as to why Rainwater & CO. said OK to 7 to 1, other than a lower number? They admitted it was indeed a premium. Is there a justification for this, or rather what is the rationalization. Why pay it unless it was perceived in a rather long-term context.

Regards,

Charles
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