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Gold/Mining/Energy : Nuvo Research Inc

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To: Montana Wildhack who wrote (7076)	4/4/2001 2:32:30 AM
From: twentyfirstcenturyfox	Read Replies (3) of 14101

Wolf - I read the OldMutual report on Provalis. Maybe I'm being pessimistic, but Kwok projects PRO will spend only a half million pounds in 2001 on drug acquisitions. That translates into about half of your estimate for upfront receipts by DMX. I wonder if the upfront receipt could be split over 2 years, ie 2001 and 2002. Comments? We'll know soon enough. I must admit I had a hard time not getting PO'd with the latest financing draw NR. Has Rebecca never heard of a line of credit? My calculation is $6.94/share. When I first read of this (Acqua) deal, I never expected to see DMX selling shares at these prices. Frustrating to think that the timing of news can hurt like this. Don.

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