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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: J. Nelson who wrote (17312)	7/15/1999 8:42:00 PM
From: bully	Respond to of 25548

Jim................................................................. I believe Dayton paid some "old debt" in the following manner! "BULLY"! Dayton Mining Corp - Dayton convertible debenture conversion approved Dayton Mining Corp DAY Shares issued 40,856,779 1999-03-31 close $0.11 Wednesday Mar 31 1999 Mr. Bill Myckatyn reports The debenture holders of Dayton Mining have approved the redemption or conversion of all the company's $69-million (U.S.) of unsecured convertible debentures into shares of Dayton. Shareholders, at a subsequent meeting, approved the issuance of 310.5 million new shares for this purpose. The company expects that the court order, issued by the Supreme Court of British Columbia, approving the restructuring will be accepted for filing by the Registrar of Companies tomorrow, thus enabling the capital restructuring to be completed. Accordingly, Dayton anticipates giving notice on April 1, 1999, to all holders of its debentures that each $1,000 (U.S.) principal amount of debentures will be redeemed in exchange for 4,500 common shares on May 1, 1999. Debenture holders are entitled to convert their debentures into common shares at the same exchange ratio at any time prior to the time of redemption. Upon completion of the redemption or conversion of all of the debentures, Dayton will have approximately 351,356,779 common shares issued. The proposed consolidation of Dayton's common shares on the basis of one new share for each 10 old shares was not approved. This reorganization of Dayton's capital structure is the final step in positioning Dayton for future growth. With the Andacollo gold mine performing well, the agreement with the lenders of the project loan in place, and the simplified and clean balance sheet provided by this restructuring, Dayton is in a strong position to take advantage of strategic opportunities in this gold market and to increase shareholder value.

To: J. Nelson who wrote (17312)	7/15/1999 8:51:00 PM
From: bully	Respond to of 25548

They did............................................................ But it hasn't helped shareholder value yet, but if the price of Gold goes up ?? Probably a good buy @ $ 0.09 for the long term even after an (obviously forthcoming) reverse split, and they do produce "Audited Financial Statements", as well as "GOLD"! "BULLY Dayton Mining Corp - Dayton debentures exchanged Dayton Mining Corp DAY Shares issued 351,400,000 1999-05-04 close $0.11 Tuesday May 4 1999 Ms. Diane Thomas reports As of the close of business May 3, 1999, all of Dayton's $69-million (U.S.), 7 per cent unsecured convertible debentures have been exchanged for common shares of the company. The company now has approximately 351.4 million shares outstanding. (c) Copyright 1999 Canjex Publishing Ltd.

To: J. Nelson who wrote (17312)	7/15/1999 10:00:00 PM
From: Handshake™	Read Replies (1) \| Respond to of 25548

Jim 71,300,334

To: J. Nelson who wrote (17312)	7/16/1999 12:15:00 AM
From: Stymie	Respond to of 25548

Canadian Gold Companies Expected to Have Worse 2nd-Qtr Results 7/15/99 11:59 Canadian Gold Companies Expected to Have Worse 2nd-Qtr Results Toronto, July 15 (Bloomberg) -- Most big Canadian gold producers such as Placer Dome Inc. are expected to have worse second-quarter financial results, hurt by prices at their lowest in 20 years and acquisitions that crimped earnings per share. Earnings at Placer Dome, the world's No. 5 gold producer and Canada's second-biggest, are expected to fall to US$0.06 a share from US$0.08 a year earlier, according to the average estimate of 11 analysts polled by IBES International Inc. Kinross Gold Corp., Canada's third-biggest gold producer, is expected to have a loss of US$0.03 a share, wider than the year- earlier loss of US$0.02, according to seven IBES analysts. Average gold prices shed about 9 percent in the second quarter on concern that sales of reserves by the U.K. and other central banks will boost supply. Some larger companies, such as Barrick Gold Corp., are insulated from low prices because they hedge, or arrange to sell gold at a fixed price in the future. ''Low gold prices will be driving second-quarter results,'' said Todd Hinrichs, an analyst at ABN Amro Chicago Corp. ''A lot of gold companies haven't hedged, or they've made acquisitions which are dilutive to earnings.'' Profit at Toronto-based Barrick, the world's No. 4 gold producer, is expected to rise to US$0.21 from US$0.18 a year earlier, according to IBES, helped by a hedging program. Barrick's earnings per share may be affected by its March acquisition of Sutton Resources Ltd. for C$487 million (US$331 million). Barrick releases second-quarter earnings next Wednesday or Thursday. Kinross, based in Toronto, is slated to report July 20 and Vancouver-based Placer Dome on July 29. Average gold prices in the second quarter of this year fell to US$273.9 an ounce from US$300.10 a year earlier. Placer Dome's first-quarter earnings will likely be restated to reflect the company's US$869 million purchase of Getchell Gold Corp. in May. The company said last month that it will take a pretax charge of US$15 million in the second quarter and fire 200 workers in response to low gold prices. Second-quarter earnings estimates for Placer Dome range from a loss of US$0.01 a share to a profit of US$0.09. Placer Dome has said it doesn't expect the purchase to add to profit per share or cash flow until 2003. The Toronto Stock Exchange's gold and precious metals index has fallen 19 percent this year. --Tavia Grant in the Toronto newsroom (416) 364 7300 mos