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Gold/Mining/Energy : ALMADEN
AMH 31.76+0.5%9:30 AM EST
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To: Feline who wrote (93)12/12/1997 8:27:00 AM
From: Frank Sauer  Read Replies (1) of 119
 
When I talked to AMH last time, I heard that they sold their interest to ELD for 100,000 shares of ELD (which was at $8 then) and a net smelter royalty of 2.5 percent. I do not remember if there was any cash involved. One of the rationals behind the deal was the fear that ELD may come and make cash calls in order update or extent the mine.

Frank
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