Francisco Gold - FGX.V Message Board

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Gold/Mining/Energy : Francisco Gold - FGX.V

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To: Claude Cormier who wrote (1751)	3/6/2002 9:30:26 AM
From: steadyasyougo	Read Replies (2) of 1907

Thanks, Claude, for your comments. And thank you for getting me into this one through your Ormetal Report! You said "I felt GLG was a bit expensive at $7.63, this merger makes it cheap again." Question: Glamis gets some ownership of some valuable property, but they are diluting down by issuing 20% more shares. comments on net effect of this? The Glamis thread is dead. Maybe one of you regular posters shold go over there and post the news. Claude, will the Explore company have the $25 million and the same people running it who run FGX? And they have ownership of all the prospects they were looking at, where they haven't drilled? It sure seems like to me to take the shares offered and hold on for more gain later? I assume Explore would use the same tactic (which I loved) of using the interest off of the $25M to do there exploration with? No dilution! I have been killed by extreme dilution at other companies. Again, thanks Claude. Your conservative approach to things has paid off for me! Gerald

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