Placer Dome, Las Christinas- who owns it? Message Board

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Gold/Mining/Energy : Placer Dome, Las Christinas- who owns it?

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To: bill who wrote (47)	2/9/1998 4:59:00 PM
From: viper	Read Replies (1) of 68

The only decision that can come out of this is the decision to give KRY the right to appeal-already denied in the lower court. Should they win the right to appeal you will wait 2-3 years for a final verdict. PDG has alot of money and time, KRY does not. If your scenario was even possible and KRY got 50% their current market cap would be outrageous. PDG has already spent $60 million-think about the dilution KRY would endure to start raising that kind of coin to earn in. Sorry, I'd be a bull if I could. We actually buy more than we short on a ratio of 4 to 1. There is simply no long term upside.

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