Falconbridge Ltd.( T.FL ) Message Board

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Gold/Mining/Energy : Falconbridge Ltd.( T.FL )

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To: Condor who wrote (20)	2/23/2000 8:11:00 PM
From: Condor	Read Replies (1) of 103

Ni. 4.69 and copper .83, LME invetories crumbling very fast. I spoke with a very high source in FL and they felt that Noranda was playing the takeover very slow since they have huge capital projects on the go and it's eating a lot of cash. If they bought up another large chunk, they would have to write off the difference between what they payed and what the book value is. (the goodwill if you will ) This would not be the time to be writing off equity since they will or are doing some heavy financing for these capital projects now. Having said all of this, I suspect they'd be leaving FL alone for the time being and the stock may be allowed to do its own thing without their interference. ( I hope ) I have followed and bought and sold FL for years and this absolutely the best sleeper situation I have ever seen for them. When it is in favour it will move seriously. Another quarter ( should be $ 100,000,000 ) profits and this thing will have to unleash. Bought more today. Good luck C

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