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Gold/Mining/Energy : NP Energy Cp New
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To: Moonglow who wrote (10816)2/24/1998 4:08:00 AM
From: KMT  Read Replies (2) of 22810
 
Juanita:

I wouldn't go so far as to say NPEC is the reason why MDIN exists. MDIN bought all its assets from Sierra la Plata S.A.

After speaking with management, it's my sense and opinion that we will continue to see a distinction between the two companies and eventually there won't be any "arbitrage". It will simply be two distinct mining companies, one (NPEC) of which holds an equity position in the other (MDIN) and is a minor on some of the other's projects.

For the near term, 2-4 weeks, I expect to see the current trend continue for many of the reasons I've already indicated. Meanwhile we can rejoice that NPEC's fundamental value is increasing substantially and eventually the market will realize it.

Cheers,

KMT
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