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Gold/Mining/Energy : CFGL-Canfibre Group -- Ignore unavailable to you. Want to Upgrade?

To: wesley vandenhazel who wrote (499)	7/6/2000 9:16:46 AM
From: DCBEN	Read Replies (3) \| Respond to of 612

Hi wes, Something may be unkosher, but I really don't think its the MDF (or its marketability). The problems, I think, are: 1) The high debt-service and worries because CFGL has not YET demonstrated that it will generate positive cash-flow at maintainable production levels. (We should see one way or the other by the end of this CY.) 2) Tiny float, illiquidity and worries over who controls the company and where in the pecking order CFGL shares holders reside. 3) Legal and contractual uncertainties wrt Stone and Webster claims and counter claims. I haven't sold a single cfgl share (I have lightened up considerably on KS). Ben