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Gold/Mining/Energy : Steppe Gold (SPE:V)
SPE 15.20+0.3%Nov 5 4:00 PM EST

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To: S. E. Baker who wrote (1015)7/11/1998 12:07:00 PM
From: CIMA  Read Replies (1) of 1248
 
Good post Steve. However, I have to take issue with one opinion you voiced. I heard Dennis Gray state, in Calgary last year, that ANZ is only interested in JV's, mergers, takeovers, etc when ANZ can be the operator of the mining project. That is why they are shedding their minority positions in Rappa and Lady Lina. Being the operator usually implies majority ownership. IMO we will see ANZ with a 50%+ share of the properties involved with Steppe.
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