Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Salt'n'Peppa who wrote (3714)	7/28/1999 11:13:00 AM
From: tom shelby	Read Replies (1) \| Respond to of 15703

I agree that more insider deals will follow. Not only do they have common directors but those directors also own shares in each company. Where does their loyalty really lay? How many shares do the insiders (Busby et al) own of each company? I think you can look for more assets swaps (1-3 months) in the short term but long term you can probably look for a merger between the two companies.

To: Salt'n'Peppa who wrote (3714)	7/28/1999 11:52:00 AM
From: Check	Read Replies (2) \| Respond to of 15703

Hi S&P, <<Reading between the lines, and remembering that HTP just stated in their latest NR that they will sell up to 50% of their Texas gas properties, I foresee another asset/cash swap between TMK and HTP.>> I can't read that far between the lines, but somehow that wouldn't surprise me a great deal either. If it's a fair deal and gives them some cashflow to cover their overhead, it's fine by me. <<The thing is, TMK is going to need to raise yet more cash to do so, if I am not mistaken. I foresee another PP around the corner.>> That's the part that doesn't thrill me. As far as I can tell, they've raised about CDN $ 4.3MM since the end of Feb. which should have been enough to cover the cash cost of their acquisitions, their WC deficit and their share of the Cal Canal well. I'd be interested in knowing what portion of the ELH drilling costs was included in the above. In any case, they'll need more cash for the ELH and the rest of the GSJB program, the Texas waterflood and WC. Against this, they have $4.4MM to come from all the options and wts out there, which on paper would cover it, but yep, I can see something around the corner as well. Have a great day. P.S. Wouldn't mind at all having a real beer with you, so PM me your travel schedule, if you please.