SOUTH AFRICAN MINING Message Board

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Gold/Mining/Energy : SOUTH AFRICAN MINING

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To: sea_urchin who wrote (314)	10/4/1998 2:54:00 PM
From: .Trev	Read Replies (1) of 472

As usual your comments are perceptive and pertinent . Thanks. They also confirm what I had only suspected, that the exploration venture was a bit out of sync for Iscor.Probably they took $3 million out of petty cash for a bit of a flutter. The properties involved are in PNG and the Solomon Islands.Probably to Iscor's frustration the money is being spent very slowly and very carefully. I can well understand what you mean about exporting ore and buying back finished product, it's a parallel situation to what has gone on here for years in the forest industry with raw logs leaving Vancouver by the boat load and coming back in as finished plywood. Once again the Sat Financial Post is full of LTCM and it's machinations and ramifications. Actually in a way I'm glad New York has reclaimed it's title as the "Scam Capital of the World" from Vancouver. After Millican and Millicent I won't trust any future Millipedes that come along. Not that I got caught by either of them. Like you I tend to stick to home turf. There's also a full page in the Post on Mandela's sales pitch for investment (from Canada) in SAf TO BUILD A WORLD OF PEACE AND HARMONY. As for you, I never did find out what brand name was supposed to be on THAT BOTTLE but I bet you drink dekaffirnated coffee. Happy Trails

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