Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: E. Charters who wrote (36225)	3/17/2007 5:28:31 PM
From: tyc:>	Read Replies (1) of 78416

As I see it, again the major retains a "back-in" to the major share, this time by exercising the 240 million convertible preferred shares that were the consideration of Terrane's purchase. The exercise of these shares ostensibly will give Goldcorp a 75-80% interest in the company rather than of the property. Today's common shareholder's are again to expect only 20-25% of the benefits. I don't know how good a deal that is for TRX. Any comments ? I suppose it's little different to the major earning an 75-80% iinterest in a property except in that case the major would be paying the bills. In this case I suppose the major "bills" have already been paid. I dunno !

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