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 : United Keno Hill, UKH, Toronto**** Opportunity Knocks!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alan Whirlwind who wrote (1328)1/24/2001 7:24:16 PM
From: Harry K   of 1348
 
This one'll never die - it has too rich and too much ore to be cannibalized piecemeal. Although deadlines for coming up with payments on outstanding debts (~ C$6.5MM!) and cash for reopening the mine (~C$16 - 18 MM!) come and go, no one wants to divvy it up, making the whole mining complex uneconomical - and resulting in major losses for its creditors!

Right now, a first nations tribe is making moves to take over the complex, but is trying to negotiate a deal with the courts their "down payment in good faith" of $40,000 won't get them snookered if the company suddenly comes up with the required cash!!

With the stock price so low close to 0, there's virtually no downside left, but with a potentially explosive upside that's anyone's guess!! So the traders are in there every day, buying and selling - who knows??

Harry K.
...
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