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Gold/Mining/Energy : Consolidated Silver Tusk Mines Ltd.

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To: andrew r harwood who wrote (2150)3/29/2000 10:59:00 PM
From: Randy   of 2229
 
The latest news indicates the confidence the company has that they are going to be able to produce cash flow to pay off the loan. Most resource companies would normally issue more shares rather than take a chance on defaulting on a loan payment and risk going bankrupt. Once production starts, they will be debt free within a year.

Interesting stale mate today between the bid at 21 cents and ask at 23 cents and no trades. Maybe the sellers are starting to have second thoughts that the stock has some upside potential.

The last piece to come into place for the stock would be an increase in the price of gold. This may happen if the Euro keeps going down. William Fleckenstien on SI is bearish and thinks the competitive devaluation of the Euro could develop into something more serious like a run on the U$. Gold would spike higher along with CKS.

This board is really quite.
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