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Gold/Mining/Energy : Solv Ex (SOLVD)
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To: norwalk hawk who wrote (3101)5/27/1997 4:37:00 PM
From: Larry Ricker   of 6735
 
Mike,

Thanks for providing info on how to listen to the conf. call. It's the kind of honest, useful information I've come to expect from you.

I was unable to listen to the whole thing, but the parts that struck me and haven't been mentioned previously were:

1. Startup of continuous operation is now definitely delayed until mid-June at the earliest because of problems with equipment delivery.

2. SOLV is now counting on cash flow from a yet-to-be-constructed-and-tested minerals plant to finance further expansion.

3. J.R. said that mineral production could be independent of bitumen production. The idea is to mine and process clay that doesn't contain bitumen.

Can any others who listened in tell me whether I'm mistaken on these points?

Larry
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