NORTHGATE EXPL (NGX.TO) Message Board

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Gold/Mining/Energy : NORTHGATE EXPL (NGX.TO)

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To: tyc:> who wrote (58)	6/23/2002 11:55:02 AM
From: E. Charters	Read Replies (2) of 158

1. Assuring debt repayment 2. Financing There is a huge difference. Of course. On one hand there is paying the money back and on the other hand there is getting the money that you have to pay back. We can see that they are worlds apart. Sorry for the egregious error. How silly of me not to see this. Forget the term "gold loan". That was in the dark ages. So from Tinker to Evers to Chance, if the Bullion bank failed to get its money from its parties, and the CB's are forced by the governments NOT to accept shares as we see Germany and England's CB's doing, what happens? Do you think the government/CB will accept the Bullion Bank's shares when the gold is not forthcoming? Are Northgate's shares not attachable? Are you saying that Northgate got its money completely unsecured? The Bullion Bank would do this? You saw the terms of the deal in toto? EC<:-}

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