SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : IBI CORP IBIC (CDN)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: george eberting who wrote (240)3/16/1999 3:50:00 PM
From: Elizabeth A Rice  Read Replies (1) of 422
 
George, I am not sure your math is correct for the actual cost to
Merrill Lynch. They need ten rights (.001 x 10 = .01) plus .04 so there actual cost is .05CDN.

I tend to lean towards your first scenario. If the phosphate deposit does indeed prove out to be world class and the financing for phase 2 is achieved (both of which I personally believe are likely) than an increase in share price is likely making the rights and warrants at .06 and .10 a very attractive long term investment for ML. I also tend to think that ML has had some of it's research team looking into various aspects of the whole scenario such as customer base, mining costs, that kind of thing ( i mean i would if i were them..) In anycase their involvment is intriguing.

With the merger of the VSE/ASE/CDN in to the CVE market makers will be eliminated. From my perspective I see that as a good thing for a company like IBIC which is basically a whole new company (IMO) with new management ie: Thomas Smeenk as a very good new President ( and a new CFO with ties to Africa), a rights offering which was subjected to strict scrutiny by the OSC and passed, did achieve relisting on the CDN (which also changed it's listing reqs and became quite strigent) and now has gotten noticed by Merril Lynch. While an emerging mining venture in a foreign country is in the highly speculative range my thoughts are that IBIC is slowly but steadily heading in the direction of really decent revenues by the end of 1999.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News