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Strategies & Market Trends : Natural Resource Stocks

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To: Michael Collings who wrote (25084)	5/20/2005 10:50:11 AM
From: Snowshoe	Read Replies (1) of 108703

>>I do know that the deal with Taiwan was signed in December and that a payment of $7.5 million was received at the signing. If Placer is correct, why was that deal completed after the scandal?<< I assume you are referring to the deal signed on 12/21/2004 with Cook Inlet Coal LLC, an affiliate of Kanturk Partners, LLC... kfx.com I have seen no evidence that KFX has signed an agreement with the actual coal leaseholders. And I have seen no announcement that the plant will actually be built. However, I did find this old SI post with some highly negative info about KFX from Asensio and Company (the infamous short-seller outfit)... There is no outward evidence that Kanturk has any financial resources at all. It is known that Kanturk is a newly formed corporation with a Washington, D.C. address and is partially staffed by KFx insiders. Message 20661467 To sum it up, I find KFX puzzling. It seems to produce nothing but smoke and controversy, yet the stock is up big over the last three years. I've never taken a position in it, either short or long.

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