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Gold/Mining/Energy : Northgate NGX on NYSE

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To: Martin Wormser who wrote (22)4/24/1997 11:44:00 AM
From: Dundee Maples   of 89
 
Sounds fair to me. Terry Lyons is president and CEO of Westfield ( holds 22.24 % of the shares. Might be difficult to vote him out.

It basically looks like a lock. The question revolves around do they want to leverage their money. I am impressed that the sold when they did ( if it wasn't blind luck then they might make something of this). If they are interested and looking I am sure they can make a killer deal in this low market situation. Depends on where Terrys head is at.

Dundee
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