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 (278)	9/4/1997 11:16:00 AM
From: Timelord	of 2742

Tomasso: I actually do agree that the spin-off companies (like Red Sea Oil, ASE:RSO) and Tanganika Oil (TYK) are subject to dilution in their early years. Certainly my amended (with apologies) IRPPF stock table shows that this occurred there as well. With only "prospects" to explore, avenues of financing are limited, and I certainly prefer warrants to some of the more creative convertible debentures (Reg S and Reg D) that a lot of these companies turn to. Its unfortunate that a lot of new investors don't understand the speculative nature of these investments, and how their share value can "erode" as the company pursues the "big find". I confess I was totally green and hadn't a clue what I was getting into when I bought IRPPF, shame on me! On the other hand, it also appears that once the company matures, the Lundins are very responsible to see that dilution is minimized. Looking forward to continued success. BTW, I like this link for Canadian stock info., excellent charts, quotes, and good historical news release data. fin-info.com You can link to the TYK releases you were looking for through them, back to January 1996. Alex

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