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: bill718 who wrote (3307)	5/26/1998 5:01:00 PM
From: Lamont	Read Replies (2) of 4718

Hi Wayne. There is a point that I have been unable to reconcile. Why is AGC trading at $0.79 while ANZ is trading at $0.285? ANZ has RAPPA (Which according to rumors on this thread has been sold); They have the Lady Lina mine; they have the Ojolali (although with the turmoil in Indo, the current market value is probably $0.00); plus they are the operators of the BC property and will soon complete their spending and own 55% of it. All AGC has is 45% interest in the BC property. AGC has 13,900,000 shares O/S (not fully diluted) ANZ has 38,400,000 shares O/S (fully diluted) AGC Market Value $10,981,000.00 ANZ Market Value $10,944,000.00 AGC's market value is understated by the difference between fully diluted and Issued shares multiplied by the share price. Even if you look only at the BC property, should ANZ not be worth more as they are the operators and own 55% of the property compared to AGC's 45%?

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