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


To: SwampDogg who wrote (9638)9/29/1999 12:38:00 PM
From: Dave-in-Deep  Read Replies (1) | Respond to of 36688
 
VEN-t in for more @ 0.25 just before noon. Couldn't post earlier as the "Loyal Opposition" hauled me away from the computer for lunch. Looks like everyone else is at lunch too - the VEN trading has pretty well dried-up since noon.



To: SwampDogg who wrote (9638)9/29/1999 12:44:00 PM
From: marcos  Respond to of 36688
 
Well we should be able to figure this out - this biz.yahoo.com says 47.1mil out on lihry

.. as per ven release biz.yahoo.com - "53.8 million shares or 5.7% of Lihir Gold Limited." ... so there is a little less than one billion outstanding on Lihir Gold Ltd?? ... so one lihry ADR = roughly 21 shares?? ... arithmetic not my strong subject -g-

[edit] - should be 944mil out on LGL ... 944mil divided by 47.1 = 20.04 ... so it's likely 20 shares LGL per ADR ... eh?

.. so if lihry is selling just now for 20US, a share of LGL is worth US$1.00 .. ?



To: SwampDogg who wrote (9638)9/29/1999 1:03:00 PM
From: koan  Respond to of 36688
 
VEN - Did that press release say that VEN now owns 5.7% of Lihir? Lihir should produce about 900,000 oz per year for 30-40 years - so 5.7 of 900,000 is 51,300 oz per year and they have 143,000,000 shares out. More than 900,000 oz in out years. Did I miss something here. PHPI