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Gold/Mining/Energy : Gold Price Monitor
GDXJ 101.44+3.5%Nov 12 4:00 PM EST

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To: Gord Bolton who wrote (48765)2/10/2000 10:16:00 AM
From: Enigma  Read Replies (2) of 116756
 
Ashanti - if it goes under I guess it's all the more likely that Bulyanhulu South, Kakindu, etc., in which j/vs Ashanti is in default, will revert 100% to Pangea. Pangea has been trying to renegotiate the deals rather than get into litigation - but if Ashanti finishes up in the hands of a receiver I don't suppose these properties, which are still owned by Pangea, are an Ashanti 'asset' because it doesn't have title. Geita will be dealt to one of the hungry bidders - but 100% not 50% IMO.
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