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 : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Hamlin who wrote (8928)	9/26/1999 5:41:00 PM
From: koan	Read Replies (2) \| Respond to of 36688

VEN - Hi Kevin. I thought it was just the jump in the price of gold. Vengold is a sort of diluted ABX or NEM. I bought some at.085 on Thursday I think. I have a bunch of near worthless B wts that have a strike of $1.40 - there's a stretch.

To: Kevin Hamlin who wrote (8928)	9/26/1999 5:50:00 PM
From: The Osprey	Read Replies (2) \| Respond to of 36688

Kevin, Re VEN.T...Well it looks like they have staved off bankruptcy with the extension on the loan payments.I would suggest that the activity is just some daytraders flipping it for 1/2 cent or so.These guys have over 140 Million shares outstanding and lost .30/share for 6 months...This is one to watch when it gets down to a more reasonable level.I would be extremely careful with this stock and I myself am going to stay clear for now.FWIW For those in the stock all the best with it,,,, The Osprey.

To: Kevin Hamlin who wrote (8928)	9/26/1999 8:54:00 PM
From: david	Read Replies (2) \| Respond to of 36688

Re: News Release - Monday, September 20, 1999 MYANMAR IVANHOE COPPER COMPANY APPLIES FOR REGISTRATION OF MONYWA S&K CATHODE COPPER ON LONDON METAL EXCHANGE =========================================================================== SINGAPORE - Robert M. Friedland, Chairman, announced today that Myanmar Ivanhoe Copper Company Limited (MICCL) has made an application to London Metal Exchange (LME) for registration of its cathode copper under the "Monywa S&K" brand name. Metallgesellschaft Ltd. of London is sponsoring the application. The LME registration would certify that S&K cathode has a purity level exceeding 99.999% copper, the standard for LME Grade A copper, as well as meeting other quality parameters. It would also confirm that Monywa is recognized as a reliable source for high-quality copper. Upon receipt of LME registration, MICCL will realize a premium for its cathode of approximately US$30 a tonne (US1.4 cents a pound). Based on S&K's current copper production of 28,000 tonnes a year, the LME registration would increase the mine's annual cash flow by approximately US$840,000. The S&K Mine, the first phase of the Monywa Copper Project, is operated by MICCL, a 50/50 joint venture between Ivanhoe Mines and Mining Enterprise No. 1, a state-owned company. The mine began production of cathode copper in November, 1998. By the end of August, 1999, the mine had produced 20,715 tonnes (approximately 45.5 million pounds) of copper. S&K is currently producing copper at a rate 12% higher than the mine's initial design capacity of 25,000 tonnes per annum. The average minegate cost of production to date is approximately US27 cents a pound, placing the mine among the world's lowest-cost primary copper producers. The current development plan for the mine calls for an initial expansion at S&K to raise annual copper production to 35,000 tonnes. This expansion is expected to begin in October and is scheduled to be completed by September, 2000. Ivanhoe Mines has 74.2 million shares outstanding and had a cash balance of approximately US$52.3 million at August 31, 1999. The company's shares trade on the Toronto and Australian stock exchanges under the symbol IVN. For further information, please contact: Investors: Bill Trenaman Media: Bob Williamson North America: 604.688.5755 Web site: www.ivanhoemines.com FORWARD-LOOKING STATEMENTS: This news release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding copper reserves and future production and expansion plans and objectives of Ivanhoe Mines Ltd. (Ivanhoe) are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Ivanhoe's expectations are disclosed under the heading "Risk Factors" and elsewhere in Ivanhoe's documents filed from time to time with the Toronto Stock Exchange and other regulatory authorities. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Ivanhoe does not undertake any obligation to update forward-looking statements should conditions or management's estimates or opinions change. =========================================================================== Copyright (c) 1999 IVANHOE MINES LTD. (ING) All rights reserved. For more information, please visit our website at ivanhoemines.com or send electronic mailto:info@ivanhoemines.com Message sent on Mon Sep 20, 1999 at 1:57:41 PM Pacific Time =