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

To: Bearcatbob who wrote (3629)	7/23/1999 1:14:00 PM
From: okey	Read Replies (2) \| Respond to of 15703

Some may want to look at Xenolith on the Ausie Exchange:XEN XEN owns 4.2 million KOB (which is the control position) valued @ todays KOB price of 1.63 = $6.8 million cdn. XEN also owns .74% of ELH. Knowing that 1% of ELH has sold for $2.5 million US plus, XEN's .74% would be worth about 2.7 million cdn. So total value in XEN today = $9.5 million cdn divided by 28 million shares out = 34 cents cdn or 37 cents AUS. I bought 165,000 @ 13 cents AUS the other day just in case KOB is caught in a takeover. Pretty good leverage!!!