Corner Bay Silver (BAY.T) Message Board

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Gold/Mining/Energy : Corner Bay Silver (BAY.T)

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To: I_C_Deadpeople who wrote (4295)	6/19/2002 11:37:20 PM
From: AH	Read Replies (2) of 4409

I got CAN$61.60. I was thinking of buying more BAY yesterday. I sold 60% at ~6.70. The remainder was supposed to be a core position. Now this 'core' stinks big time. It's indeed difficult to find an easy explanation for the change. It was supposed to be a friendly takeover with a premium paid to the current BAY shareholders. Where is the premium? For what it's worth, I will be voting against. I also fully agree that BAY's shareholders would be much better off without the deal. But in this moral climate in NA nothing can really surprise when it comes to racing down the sewage right to the Global Septic Tank. (By the way, such a septic tank must be located somewhere between Washington DC and Wall Street.) Moral values? Clinton set the stage. Followers and apprentices are plentiful. The real problem with the deal is that there no visibility. We don't know what is being sold. The study was not published. I would have no problems with the stock collapsing because there is something wrong with the deposit or the property. Septic tank deals are really hard to swallow. As a consolation, even if BAY sinks to CAN$4, it still buys ~1.5 Nortel. :-0)) PS. Not that I want to buy N at the current price.

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