YMC.u-v...in the news:
Casey says join him and buy Anatolia Minerals
Thu 21 Mar 2002
Douglas Casey, writing in the March 11 issue of his International
Speculator, says Anatolia Minerals is a buy at 44 cents. Mr. Casey
recommended the Turkish explorer in July, 2001, at 40 cents and in
September, 2001, at 48 cents. The globe-hopping letter writer, who owns
shares in Anatolia, says the company has more than 10 major project areas
covering 3.5 million acres throughout Turkey, and any one of them could be
a company maker. He likes the fact that chief executive officer Dick Moores
owns much of the company himself, "which tends to align his interests with
that of the other shareholders." In addition, Mr. Moores is tough on
dilution. He raised much of his capital selling over $4-million of stock to
partner Rio Tinto at substantial premiums to the market. Anatolia's deal
with Rio Tinto (RTZ) allows it to earn up to 65 per cent of four properties
by spending $10-million each, over five years, plus making $1.5-million in
payments to Anatolia at the end of that time. There are other, similar,
deals. An enthusiastic Mr. Casey says, "RTZ, which is the world's largest
mining company, is ... committed to spending a lot of money on these
properties because they are all potential elephants." |
