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Gold/Mining/Energy : GITENNES Exploration (ase:GIT)

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To: jerry janko who wrote (1075)2/15/1999 11:01:00 PM
From: mark calgary   of 1092
 
Jerry - doing a little bottomfishing. I am new to this thread - can you give me your thoughts. I know from the MDR thread that you know your stuff.

I am looking at what the sale to Cambior means to this company in terms of cash. I calculate that the cash received today comes out to 14 cents per share. Trading at 20 cents it looks awfully attractive considering that there is an additional 6.5 million cdn to come.

These people must have had a good reason to give this up ( other prospects ) - have they got anything or will they just burn it up ?

Mark
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