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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Claude Cormier who wrote (211)	3/30/2000 3:11:00 PM
From: goldsheet	Read Replies (1) of 4051

> There are two things I don't like about CDE: There are many thigns I don't like about CDE, don't own it and would not buy it, just reporting the information. You know that I am not even excited about silver. > Its huge debts of $285M vs its liquid assets of $125M On a positive note, $235M of that is convertible debentures which they can may eventually issue shares for or buy back at market prices (probably 50-60 cents on the dollar). I don't think they are going to end up in a squeeze as serious as SSC - at least they are addressing the issue > Its high costs operations that do not generate the cash flows necessary to pay down that debt. They need a low cost project. Now. I definitely agree with this point. If silver stays under $5, I think some folks are going to have redo numbers. CDE calculates their reserves at $5.50.

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