GOLDEN RULE (tse:GNU) Message Board

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Gold/Mining/Energy : GOLDEN RULE (tse:GNU)

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To: Louis Wu who wrote (28)	3/3/1997 10:04:00 AM
From: bigdude	of 957

TECK TO BUY GNU TREASURY ISSUE (Bigdude speculation) Following my review of the financial statements of GNU, I conclude that although GNU has $6.8 million in cash, their accounts payable and debt due this year total $8.4 million. GNU is not as liquid as they portray in their "we have $6.8 million in the bank" comments. Rumours are that GNU is in discussions with Teck and when combined with their cash needs, a treasury issue is obviously a highly likely outcome. GNU also needs a major like Teck because the guys at Ashanti are really mean and nasty dudes and they might pull a Hasan, if GNU does not have the clout of a major mining company behind them. Ashanti is in-part owned by the government of Ghana and the Chairman of Ashanti is the acting mines minister of Ghana. Kudos to Harper if he pulls this one off. Bigdude (the dude that keeps the little dude informed, you heard it here first)

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