Lundin Oil (LOILY, LOILB Sweden) Message Board

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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: Tommaso who wrote (265)	9/3/1997 10:16:00 PM
From: Tomas	of 2742

I have noticed that the Lundins are quick to dilute stock as soon as there is a big price rise, so one should be ready to jump out on a sudden run-up. For a spectacular example, check the charts on TYK, actually they didn't get around to selling much stock themselves during that 1-week crest. Did they really dilute stock during Tanganyika Oil's big price rise? Can you give another example? And did they really sell any TYK shares at all during the "1-week crest"? I don't think so. Sometimes it's wise to jump out on a sudden run-up, sometimes not, but has it anything to do with the Lundins "diluting stock as soon as there is a big price rise"? I don't think that is a fair statement. For example, 40 million IPC shares outstanding 6 years ago, 44 million today. Most of their financing has been obtained by farming in partners into their developement projects, and they are very capable in obtaining bank financing if they need it, See Alex' post techstocks.com Tomas

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