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

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To: andrew r harwood who wrote (2175)6/14/2000 2:32:00 PM
From: Randy  Read Replies (1) of 2229
 
The stock is dead until they get approval for the U$2MM convertible loan at the annual general meeting in Vancouver on June 30. Because there could be change in control of the company if the loan is converted into shares, non interested shareholders are being given a chance to vote on it. The company said if it is not approved they may have trouble getting the financing to proceed.

I would speculate they will get approval and then start gold production sometime in July/August/September or before the end of the year.

Patience as always is a virtue.
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