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Gold/Mining/Energy : Ballad Ent.;BDC.Vancouver
BDC 118.43-0.3%Dec 24 12:59 PM EST

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To: Wai Lam who wrote (59)10/1/1997 6:34:00 PM
From: charred   of 107
 
Micheal

I think these guys are smart businessmen. I'II explain why. I previously thought that this was a terrible deal (TVX deal). The reason is: Why did TVX sell their properties? Ballad spent $600,000 on the concessions and sold 300,000 shares at $7.00US when the price is 0.70 cents. Net $1,400,000 for Ballad and there was no risk for Ballad. They made money. This is how I read the news release. I am right on the right track? Today the stock dropped 10 cents. Maybe here is a buying opportunity. Where are you Micheal? Lets get the thread working. Again, are there other companies these guys manage.
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