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Gold/Mining/Energy : VENGOLD VENGF this is real -- Ignore unavailable to you. Want to Upgrade?

To: Terry Over who wrote (251)	10/1/1999 12:54:00 PM
From: mick	Read Replies (2) \| Respond to of 350

Looks like a turnaround to me What do you think. They have balanced the books and now hold 5.7 %. What do you think the value per share is on this ? Do you know how many shares outstanding and what 6 % of Lihir will earn them ? Cheers

To: Terry Over who wrote (251)	10/1/1999 1:13:00 PM
From: Gunnar	Read Replies (1) \| Respond to of 350

I am new on this one. "The Corporation's interest in Lihir Gold includes a right of first refusal on the 17.2% of Lihir Gold held by Rio Tinto. As of today's date these shares have a market value of US $ 59 million." How is the situation for Rio Tinto? Under what circumstances could this asset become a good one for Vengold? Regards, Gunnar

To: Terry Over who wrote (251)	10/5/1999 6:54:00 PM
From: dch	Respond to of 350

More News on Vengold: Tuesday October 5, 4:37 am Eastern Time Orogen receives A$78.2 mln Vengold payment SYDNEY, Oct 5 (Reuters) - Orogen Minerals Ltd said on Tuesday it had received A$78.2 million from Vengold Inc (Toronto:VEN.TO - news)(Australia:VEN.AX - news), representing the full and final payment of deferred proceeds from the sale of the bulk of its shareholding in Papua New Guinea miner Lihir Gold Ltd (Australia:LHG.AX - news). The deferred proceeds were paid ahead of the December 31 payment date and bring Orogen's existing cash reserves to around A$128 million, the company said in a statement. Orogen sold its 6.5 percent Lihir stake to Vengold in August 1998 for A$145.7 million or A$2.38 a share. Vengold last week said it had sold 95 million shares in Lihir for about A$153 million and would use the proceeds to pay back about US$85 million in debt, including full payment of the Orogen loan. Shares in Orogen ended the session up one cent at A$1.85, while Vengold shares were up four cents at 38 cents.