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Gold/Mining/Energy : AGM (VSE) AROYF (OTC) Ag Armeno Mines & Minerals
AGM 170.00+1.5%3:59 PM EST
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To: Richard Mazzarella who wrote (249)4/25/1999 7:59:00 PM
From: Ed Fishbaine  Read Replies (1) of 317
 
Karl

On addendum to my previous reponse to you:

Newmont plans to begin production at the BATU HIJAU in December. As I see it it would be to their advantage to settle the lawsuit with AGM
(again, should venue be maintained in Canada) prior to beginning production. If they can absorb Meruch's 20% (or even the 18% involved in AGM's suit) the cash flow from this interest will accrue to them not to Meruch. Should the law suit drag on for 3 years and then be settled in favor of AGM there is 3 years of lost cash flow to Newmont. It would seem that if their assessment is that there will ultimately be a settlemrnt in favor of AGM, or even if this is likely though not assured, an arrangement whereby AGM acquires the 18% interest from Meruch and Newmont then buys AGM would be very much to their advantage. Consider that a buyout of AGM for shares of Newmont would undoubtedly be acceptable to AGM. In this way Newmont acquires a cash cow in exchange for shares.

For this reason I speculate that a settlement will occur prior to December and considerably in advance of December the movement towards such a settlement will become evident.

Ed

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