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To: Claude Cormier who wrote (38873)	8/12/1999 12:27:00 PM
From: baystock	Read Replies (3) \| Respond to of 116894

<Well I don't know about 6 months or 1 years time... let use gold $400. And my picks would be Cumberland, Minefinders and Southwestern Gold.> Fair enough, let us use $400 gold and equal $ weighting for each stock.

To: Claude Cormier who wrote (38873)	8/13/1999 5:49:00 PM
From: goldsnow	Respond to of 116894

Fears as Africa slips into anarchy By W F Deedes 'We are safe' says British hostage MUCH of Africa seems to be re-acquiring its reputation of the last century as a dangerous place to go. But it is no longer tropical diseases that pose the threat; it is something closer to anarchy. Last week, fears were aroused for British officers on a United Nations mission in Sierra Leone, who were suddenly taken as hostages. They have since been released. So have the five British oil workers kidnapped in Nigeria. Now there is anxiety for the six aid workers, four of them British, who have been kidnapped by an armed gang in Liberia. These are events, though relatively small in themselves, which will be assessed by every aid organisation in the world. Aid and development work has in recent times become a profession in which a certain level of risk has been accepted as part of the job; but always there are limits. Most aid organisations in Africa have their national headquarters within compounds, which are reasonably secure. They have all developed a system of radio links in all their vehicles which ensures that nobody is out of touch for very long. It is the outposts, often many miles away and in remote parts of the country, which are vulnerable to kidnapping or a sudden outbreak of savagery, particularly in countries where order has broken down. As an added danger, it is clear that rebels are realising that kidnapping is a way in which they can bring their grievances to the attention of the world and that if they take hostages the Western media can be used to advertise some local requirement or injustice. If that notion spreads among rebellious groups now rampant in Africa, the continent will for outsiders become a very dangerous place indeed. One of the most intractable legacies of the Cold War on its former battlefields in Africa was the proliferation of arms. Africa is saturated in arms, and they are still entering the country. Given their traditions, the principal international aid agencies will weigh the consequences of these episodes in terms of danger to their staffs, but they will not be driven out of any African country by the threat of disorder. International commerce, however, will have a different outlook. Because of disorder, some of Africa is beginning to look a bad investment, even for the strongest global corporations. That is what Africa's rulers have most to fear. Even South Africa, once a hub of international commerce, is finding it difficult to attract the overseas investment it sorely needs. There are other places in the world no less profitable and for the expat much less risky telegraph.co.uk

To: Claude Cormier who wrote (38873)	8/13/1999 6:29:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116894

Big Oil Cos. Stop Nigerian Pumping Friday, 13 August 1999 L O N D O N (AP) A JOINT-VENTURE between Texaco Inc. and Chevron Corp. was forced to stop pumping oil off the coast of Nigeria on Friday because angry residents in the area blocked supplies from reaching the company's platforms. Texaco Overseas Petroleum Co. of Nigeria Unlimited, or Topcon, declared force majeure and ceased production at its five oil rigs near the Niger River delta, said Rachel Moore, a London-based Texaco spokeswoman. Companies declare force majeure when an unpredictable, external event prevents them from meeting contractual obligations. Topcon typically pumps about 50,000 barrels a day of crude oil at its platforms near the city of Warri in southern Nigeria. "Production won't be resumed until we consider it safe and secure to do so," Moore said. The company evacuated all employees from its rigs after the latest in a series of disruptions of its crude production. Protesters recently commandeered a helicopter subcontracted to Topcon from Bristows Helicopters and kidnapped its six passengers and crew members. All hostages were later released, Moore said. Nigerians in the area have grown increasingly bitter about the exploitation of its oil. Many accuse the central government of greed and believe they are benefiting too little from the production and sale of crude oil, Nigeria's most valuable export. The Nigerian National Oil Co. owns 60 percent of Topcon. Texaco and Chevron each has a 20 percent stake.