Solitario Resources, (SLR) T. Message Board

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Gold/Mining/Energy : Solitario Resources, (SLR) T.

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To: Dan P who wrote (22)	3/25/2001 10:20:17 AM
From: russwinter	of 38

Crown is a 41% holder. If Crown was liquidated (or a new deal struck with their note holders), the holding would be a very nice entry for someone into SLR, and would be an obvious step to a takeover. The second weaker approach might be to distribute SLR shares to the Crown debenture holders. The better variation would be to find some new truly interested shareholders to purchase Crown's shares. A bad outcome would be a forced merger between Crown and Solitario so that Crown could utilize SLR cash to pay off the debenture. I am certain SLR management would not support that as we would gain nothing from the exchange (unless you feel Crown Jewel in Washington has value). Could Crown pick up the additional voting shares to gain control in such an unfriendly approach?

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