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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: The Osprey who wrote (9617)	9/29/1999 11:38:00 AM
From: SwampDogg	Read Replies (1) \| Respond to of 36688

What you are missing is that their value was in $US...try $0.60+ a share

To: The Osprey who wrote (9617)	9/29/1999 11:58:00 AM
From: Shaw	Read Replies (2) \| Respond to of 36688

Hi Osprey, From what I read, it's pretty complicated. I can't get a value on this company. They have so much going on I am stuck. If you want to get thoroughly confused read their last few press releases. From what I can gather, their reduction in interest in the Australian mine is accompanied by a decrease in a share of gold sales. Less stock=less ounces. Not necessarily a good thing. Also, the company with Lihir (sic) redid their hedge book, to realize gains and pay down debt, and are now partially hedged at $269/ounce (a bad move with the gold price moving up). Also, a decrease in intrinsic value of the hedge book is assured because their average hedge is now $339/ounce for a few years down the road. The current gold price seems like it will have little effect on them, for years. There are also debt #'s thrown around in their PR's that I simply can't understand. If anyone can/cares to help, I would appreciate it. A best guess is there is more debt than we can see and that's why the 0.41/share figure has to be off and why we are trading at a quarter. Any help would be appreciated (fuddle, you are usually good with this stuff!!), as I would like to figure out if this is worth holding LT. Regards, Dean