Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: JD who wrote (2160)	1/8/1998 7:32:00 PM
From: Donald F. DeKold	Read Replies (2) of 4718

Indonesian economic difficulties are actually a positive for Antares. The turmoil in Indonesian financial markets caused by Suharto's defiance of IMF policy mandates has raised concern on this forum. Actually I see these developments as actually being in Antares' best interest. As the Indonesian monetary unit declines relative to the Canadian dollar, Indonesian supplied goods and services purchased by Antares will actually become less expensive for Antares. Quite simply the "burn rate" of Antares resources has slowed down without a dimunition in progress due to these events. You can also bet that Indo government cooperation in this venture will be further enhanced by this nation's need to point to successful foreign enterprises operating in its country. Unrelated to the above remarks, I also noted that gold seemed to probe below the $280 level for the second time since it began its decline. When I checked last after New York's close, it seemed to be recovering nicely after its short-lived dip below $280. Any technicians care to comment on this? Don

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