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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU
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To: Anand K Sharma who wrote (2085)1/3/1998 1:17:00 PM
From: CIMA  Read Replies (1) of 4718
 
I tend to agree Anand. One of the biggest concerns on this thread has been their burn rate. We don't know details yet, but it sounds like ANZ is bringing money to Erin's table to get a piece of this property. It leaves three scenarios.
1) There's nothing economical in Indo and they are beginning to look elsewhere. It implies B.C. (which will also require a lot of $) is no screaming hell either. This is worst case scenario.
2) That they are confident the stock price will rise on strong results and they will be able to raise new funds thru an offering. This makes me nervous.
3) That they have a tentative partner for Indo already lined up and have future cash needs for other properties accounted for. I sleep well at night under this scenario.
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