Steppe Gold (SPE:V) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Steppe Gold (SPE:V)

SPE 15.20

+0.3%

Nov 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: S. E. Baker who wrote (1015)	7/11/1998 2:04:00 AM
From: bill718	Read Replies (1) of 1248

Re. your comment about Antares... "I came away from my quick survey with a fairly firm understanding that ANZ is not into merging or taking over other companies." Perhaps, but given the opportunity to get a better deal Antares mgmt. will RUTHLESSLY go for it. For example.... CLL:ASE and ANZ each had a 45% share in a great Indonesian property early last year, but when CLL ran into financial problems ANZ paid the Indonesians and then made a NEW deal with CLL (and the Indos) increasing ANZ's portion to 76.5%! It took months to do this as CLL was not exactly pleased with the new deal, but Antares mgmt. stood their ground and eventually won. Just a little food for thought, and if Steppe can indeed get their act together as has been implied by previous postings, perhaps the existing deal between the 2 companies will remain as it is and be a win-win situation for both companies, particularly in '99 when production begins.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next