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Gold/Mining/Energy : MINE vs IKAR
MINE 0.00Jul 19 5:00 PM EST
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To: Alan Markoff who wrote (53)4/28/1998 2:41:00 AM
From: CIMA   of 94
 
Top three reasons the price went to a nickel:

1) The general post-Bre-x malaise.

2) The forced liquidation of shares by some fairly senior employees last summer/fall when their plot to take over the company was quashed by management and the Bolivian government. They are obviously no longer with the company.

3) A mudslide in Cangalli in February that killed 45+ gold miners that many investors thought was Golden Eagle ( 15 km away ) and panic selling ensued. GE sent equipment and aided in rescue attempts. The Bolivian government commended them.
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