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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (947)9/21/1999 10:48:00 AM
From: keith massey  Read Replies (1) | Respond to of 5053
 
Condor

The problem....JDX holds their money mostly in US bond funds (and a couple of foreign bond funds). You are doing the math in the wrong direction...as Canadians we want the dollar to get strong but as JDX share holder we want the Canadian dollar to crash and burn. However we still have gains compared to the exchange rate they used last quarter.

Of course these pennies really won't matter in the end but it is a good way to pass time until the deal is done.

Best Regards
KEITH



To: Condor who wrote (947)9/21/1999 12:08:00 PM
From: Claude Cormier  Respond to of 5053
 
Condor,

JDX has its money in $US... if the $C goes up... We have less $C and the stock is worth less.


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