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Gold/Mining/Energy : CFGL-Canfibre Group
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To: Abuckatatime who wrote (549)1/24/2001 8:50:34 AM
From: DCBEN  Read Replies (1) of 612
 
Greg,

There's only 5000 shares for sale under C$1 (actually under C$3). A lot harder to get into CFGL now than out. Looks like hands are strong. I expect we may finally see some trading after the company announces production from Lackawana in early February and we get some notion as to wether they can operate the two plants in the black. If they can, the reorganization and refinancing will happen. Hopefully we will retain some fair equity share.

PS. Can you believe how snakebit this effort has been. First the flower-loving fly, then their construction company goes belly up, then the power supply in CA goes to hell.... It is a real wonder they are still hanging on by fingernails.
Ben
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