SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Int'l Pursuit (T.IPJ)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ron Everest who wrote (287)5/10/1997 12:30:00 PM
From: RonS   of 835
 
Ron,

I just received my Plan of Arrangement" from IPJ. In it, it describes
the IPJ/Dayak amalgamation. If I'm reading this correctly, IPJ
has to spend $5,000,000 by September 1998 to earn a 25% interest in
Hinoba-an. They must spend an additional $5,000,000 by March 2000
to earn a 50% interest and yet another $15,000,000 by Septenber 2000
to earn the remaining 50% interest. It appears that IPJ has already
incurred expenses just over 10 million as of Dec 31 1996. Don't you
have to include the remaining $15 million in costs in your value
calculations or do you assume their cash will cover this amount
and therefore doesn't need to be included in any calculations based
on just the Hinoba-an property?

Regards
RonS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News