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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (3188)7/2/1999 12:50:00 AM
From: Check  Read Replies (1) | Respond to of 15703
 
<<.....I was just looking at the WML balance sheet.....it looks like they have a very small cash position compared with their long term debt....is the share price telling us they might have problems making payments?>>

I think the stock got way out of line on the strength of being perceived as a pure 'gas play' when oil was in the dumps.

I think the balance sheet signaled for a while that there was a major assets disposition and/or dilution coming.

We've had a bit of both now and hopefully the ELH play pans out so they don't have to do more.

Good luck and good night.




To: ForYourEyesOnly who wrote (3188)7/2/1999 7:01:00 AM
From: Bearcatbob  Read Replies (1) | Respond to of 15703
 
THC, They have sold assets to raise cash and just announced a flow an offering to raise about 10 mil. A lot of these players do not have AAA balance sheets. The price drop of last winter completely took out a lot of really weak sisters. If ELH goes bust - the downside of PYR and KOB is essentially zero - IMHO.

Bob


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