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To: baystock who wrote (51431)	12/26/2000 10:39:20 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

i know about HL's short term debt...which the lenders will imo if need be reconvert into LT debt if the sale doesn't go through - it's better than the alternative from their PoV. re. Zemex, note that it recently sold assets(the metal powders division) and securities for about $40m., and then reduced LT debt by $50m. it should have no problem raising the money...after all, the asset it intends to buy produces $52m. in revenues and $7,5m. in profits as things now stand. i agree however that there is still an element of uncertainty , so HL (the stock) will probably sit there until the deal actually closes. they have kept the feldspar division btw, which is also for sale. not a word from Zemex btw. regarding financing not being certain.