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: Faze who wrote (4289)	8/12/1998 6:10:00 AM
From: Gabe Heti	of 4718

According to the latest Annual Report there are 34,273,870 shares issued and 4,020,000 options authorized. Don't know why the 18,000,000 is shown on news releases. Incidentally, someone posted earlier about options being re-priced. I asked and was told that no re-pricing has taken place. Re-pricing can only occur upon shareholder approval. I don't see a roll-back in the next two years, if it ever comes to that. At the AGM ANZ stated that they had enough cash to carry on with the current projects for the next two years. If the Jambi zone can be mined it will produce $4 to $5 million cash in each of the next two years. If Steppe goes into production as planned that will generate cash as well. Under those circumstances no financing will be required and there would be no reason to roll back or restructure. The above scenarios should also significantly increase share value (unless gold tanks completely) again making a roll-back unnecessary. Gabe

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