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Gold/Mining/Energy : Zappa Resources ZPA vancouver -- Ignore unavailable to you. Want to Upgrade?


To: Alan Whirlwind who wrote (1000)8/26/1999 7:27:00 PM
From: dean poets  Read Replies (1) | Respond to of 3198
 
Good to see you are still around big AL!

In a couple more days, Zappa will have a total of around 1.3 million shares of EMC to trade on the open market! EMC has been trading around 70 - 80 cents $Cdn. If Zappa can average 70 cents a share, we will get about 900,000 from the proceeds! That is a shitload of money for a company with a market cap of only 1.3 - 1.4 million $Cdn. Plus Zappa would still retain 1 million more shares of EMC, receiving 500,000 shares every 6 months.

If EMC happens to hit on any of their drilling, these shares could turn out to be worth even more!

Apparently Albert approached Cambior's board about a mining related deal, but they shot him down! This deal would have required about 20 million in finnancing, and might have produced a return of somewhere around 140 million over 5-6 years. The deal was a gravel operation or something like that. Although it sounds kind of corny, it Could have generated a lot of money for exploration on Laplata.

I find it hard to believe someone is actually giving me their shares at these crazy prices! It's breaking my heart :)

Dean