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


To: keith massey who wrote (1445)11/5/1999 10:13:00 AM
From: Claude Cormier  Read Replies (1) | Respond to of 5053
 
<<The later financing will have a higher conversion rate and JDX will still have a nice bunch of shares. >>

This makes a lot more sense...and I am sure that JDX will still end up gaining a lot of its investment. We are trading some $0.25 above cash value... or some C$7M in market cap. So this means that the $C1.5M (US$1M) is already worth 5 times more. The IPO has certainly the potential to double that ....