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Gold/Mining/Energy : Franco-Nevada (FN - TSE) - zero debt, cash rich royalty co. -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (354)	9/21/2000 10:45:38 PM
From: rdww	Read Replies (1) \| Respond to of 511

They put a poison pill into play tonite - and I think that they are in mtgs to look at the what next phase.

To: Bearcatbob who wrote (354)	9/22/2000 4:54:55 PM
From: Traveling Man	Respond to of 511

BBOB, My feelings are with the long term low POG,they have found that there just isn't any significant exploration ongoing anymore. They can't do what they used to anymore,even without the merger. This is what I feel management was telling us honestly. There is some good news beyond this issue. The Russian government owns 80% of all palladium on earth. They have recently moved to centralize control of this strategic asset. They will attempt to drive the price north. Couple this with the fact that palladium is replacing platinum slowly in catalytic converters and we have a nice asset in the Stillwater royalty for a long while,IMO. TM