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Gold/Mining/Energy : kazakstan goldfields symbol kgfc
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To: Cussy the Windsurfer who wrote (175)6/24/1997 2:02:00 AM
From: roger fontaine   of 367
 
Cussy:Where did you hear that CGZ was selling KGFC shares.KGFC is CGZ only source of income right now.Plus KGFC is a spin off from CGZ.If they are selling they must be in dire need of money.I disagree with you for the first time.I don't think KGFC is planning a takeover of CGZ because too much capital would be required for such a take over when they need the money to bring their mines into commercial production.They also have several million acres of land to explore in Kazakstan which they own but do not have the capital to do so right now.If there is a takeover i see it as an outsider with deep pockets.It may be a takeover of KGFC which would put money in CGZ pocket,however,if CGZ is selling kgfc shares that shoots my theory to hell.If Kgfc does plan a takeover, which i can't see,i wouldn't be to happy.What do you think of such a takeover.Roger
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