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Gold/Mining/Energy : United Tex-Sol Mines (ASE:UTX.A) -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (225)	11/23/1999 11:20:00 AM
From: Alastair	Read Replies (2) \| Respond to of 527

Ok they have drilled some good holes continuously since the Spring of 1999. Kinross continues to identify an increasing gold resource...all i know from being in the mining game for 15 years and working with drill crews and management you add drills to identify and increase additional resources at a faster pace for a reason, maybe to determine potential and buyout before gold goes up?? You don't add more rigs and complete a drilling project and spend millions of dollars because you want to be nice to UTX.A.....Kinross is in charge of this project and we are talking Kinross...they know what they are doing.....a highly skilled company and recommended by many analysts...... So we are nearing the completion of the 20,000 meters by year end.....they are continuously getting results therefore continuously adding tonnage which in turn adds ounces which in turn adds shareholder value to this equity.....so we now have identified share appreciation in the very near future, plus with the release of possibly another spectacular hole...who the heck would sit on the sidelines of a $0.18-$0.22 stock and wait for the release...dont snooze..thats how you lose...... And yes i agree the tax implications of a large cash payout would not be good for the company...i would think that the company knows this and is currently reviewing all alternatives to see what is best...share payout, acquisitions, mergers....who knows....but they realize this and will do it...in the mean time the ounces are accumulating.....yahoo.....im in............... As always Alastair PS....Just imagine if gold was to rise little by little over the next weeks...i bet Kinross would be getting itchy in regards to executing their right of purchase........or maybe even a takeover of UTX.A now noting that at 20,000,000 shares and $0.20 it will only cost them $4 million whereas an ounce buyout would cost them a minimum of $5.5 million based on 360,000 ounces in-situ......hmmmmmmmmm what ya think KINROSS! :o) Actually anyone out there with $4 million should just buy out UTX.A and flip it in the spring for a minimum increase of $1 million or 25%..but we all know that there are more ounces that 360,000 so it would be quite a good flip would it not.....plus you get to play boss for a few months, wear a suit, eat those fancy lunches, travel maybe to a gold show and make a speech as the owner/prez. say down in New York in May 2000......sounds fun does it not.....yup yup yup any ways i digress....................