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Gold/Mining/Energy : kazakstan goldfields symbol kgfc
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To: bconard who wrote (286)10/3/1997 1:29:00 PM
From: Jesse   of 367
 
Good points to ponder, bconard. The 'Source' did post something yesterday, mostly about CGZ, but here's his KGFC mention:
stockhouse.com

...In other related matters, CGZ still needs to raise some funds and obtain a positive resolution related to the Kazakstan Goldfields (KGFC) dispute with the government of Kazakstan. I hope to provide you an update on KGFC very shortly.
- - - - - -
Beyond that, there's an article in the latest NM on WWS and how they're pulling out of Kazahkstan altogether:
northernminer.com

...World Wide Minerals (WWS-T) is withdrawing from Kazakstan following a difficult summer during which the government there first refused to grant the company's 95%-owned subsidiary, KazUran, a uranium-export licence and then cancelled KazUran's management contract to operate the Tselinny Gorno-Khimicheskii Kombinat (TGK) uranium project in the northern city of Stepnogorsk.
..."We have been told that the government has decided to re-nationalize the uranium industry," says World Wide Chairman Paul Carroll. "It is a complete reversal of the basis upon which we were enticed to come into the country in the first place. We intend to recover our loss, which is at least US$23 million, plus the value of our lost opportunity and profits, as well as the loss of market capitalization that we have suffered in the interim."...
-----------read the rest at above link-------------

Regards,
-J
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