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Gold/Mining/Energy : WWS.T World Wide Minerals
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To: traacs who wrote (574)8/13/1998 7:58:00 PM
From: tango  Read Replies (1) of 784
 
update:
spoke with a broker that spoke to CEO recently and states:
1. The second leach pad and footings for processing plant will be put in before winter freeze up in the next couple of months

2. There may be further admin cuts in the company for cost savings

3. Deusche Morgan has stated they will take on a receivable from the government of kaz, as payment will most likely be deferred to a later date and therefore WWS could attain the instant cash at a "reasonable discount"

4. Talks with Kaz are continuing on a daily basis.

I have also seen that Russia being very upset by the planned USEC uranium dumping is requesting some sort of remedy including a guarantee that the uranium will not be sold for under 29/kg.

The stock looks really healthy, any comments?
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