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Gold/Mining/Energy : Canmine resources -- Ignore unavailable to you. Want to Upgrade?

To: dave brown who wrote (1855)	9/10/1999 9:39:00 AM
From: Marshhawk	Read Replies (1) \| Respond to of 2769

Dave, in re Inco, Ni has had a tremendous run and is due for a technical pullback and the market has already given INCO a boost for taking the strike. Absent fundamental developments at VB has the easy money already been made? I don't think any of us know how much of the financing has been placed, but I'm pretty sure there will be no announcement until they hit 100%. I'm not sure time is running out. The last line of the annual information form states that additional information, including directors' and officers' remuneration and indebtedness, principal holders of the Corporation's securities, options to purchase securities and interests of insiders in material transactions, where applicable, is contained in the Corp's information circular for its most recent meeting of shareholders that involved the election of directors. Furthermore, addn financial info is provided in the comparative financial statements for the Corp's financial year. A copy of such documents may be obtained upon request from the Secy of the Corp. So just write Plexman and you should get what you want. At Sedar, you will find the auditor's report, including consolidated balance sheet, consolidated statement of operations and deficits, consolidated statement of deferred expenditures, consolidated statement of changes in financial position, and notes to the financial statements. You know more about finance than I do, but doesn't that constitute the latest financial report. If anyone has trouble finding it, let me know and I'll post the hyperlink. As I recall, the only hedging program announced was the Preston program. They sold forward 18 months of projected production at somewhere between 4200 and 4400. I'll continue to disagree with you about laterites, all discussed before. Anglo admitted last week that buying into INCO 'was a bit of a gamble.' I am shocked by Ralph's CDI info. You've got a major war in the Congo, a population decimated by AIDS/TB, no fuel for GECA since Indemi blew up, and GECA having material seized for non payment of shipping bills. Does anyone besides me find it odd that in this environment GECA increased production by something like 600 tonnes, 25%. The Zambian data also seems somewhat optimistic given what one reads in the Zambian press. And my last comment is in regards to INCO. There are some key points in the article on the strike vote. 99% of the miners came out to vote, and 98% voted for a strike. Inco says they don't want to tie wages to Ni prices. Now the workers are probably not nice yuppies with dogs named Biscuit and nice university degrees, but they are keenly aware of when they are being f***** with. Inco sure as hell wanted to tie wages to Ni prices at 1.75. I haven't been to any of the union meetings, but can guess the content. Probably something along the lines of the Boss making 2 mil a year and spending 4 bil in Nfld [instead of looking in Manitoba] and they're supposed to pick up the slack by working for slave wages. Hence the high turnout and near unanimity. If Mb has strong unemployment support for the workers on strike, and if the union has a strong strike support fund, and if other unions/other unionized workers (Falco, Inco) support with food, clothing, this could be long and nasty. Best to all, would love to hear comments on CDI numbers. Do they just jot down numbers that people give them, or do they check for validity?

To: dave brown who wrote (1855)	9/10/1999 10:26:00 AM
From: Ralph Kern	Read Replies (1) \| Respond to of 2769

Insider report on SEDAR contains no insider selling for months. I think that is a not a huge issue. Bigger issues in my mind are: 1. timetable for cobalt production 2. technical solution(s) for Maskwa deposit 3. BINCO I am hopeful that by the AGM we will know more about where CMR is going. I am not as concerened about a few shares here and there. I think you are right about PGM's. I wouldn't underestimate INCO, Falconbridge or even Norilsk. They are cooking quite the scenario. Thompson strike positive for nickel prices. Is Norilsk overstating ice problems? Sounds like a squeeze play on the laterites by the pros. They are forward sold at 2.00 and have no product. Even Anglo admitted that Murrin Murrin is a crap shoot. Today Y2K issues with respect to metals raised in the Globe and Mail. ?more oil on the fire. See the events under the surface, they are interesting. The current in the stream is strong, and I hope that Canmine can swim with the big fish. I guess time will tell. Ralph.