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Gold/Mining/Energy : Conquistador Mines Ltd. (CMG-V) -- Ignore unavailable to you. Want to Upgrade?


To: Jake V. who wrote (1333)2/3/2001 3:09:25 PM
From: .Trev  Read Replies (1) | Respond to of 1419
 
Jake:

In the absence of further info, I don't see how it all fits together yet, but you're probably spot on. The implication seems to be that a financing to fund the treasury is somehow being arranged, and that a joint venture on the platinum group property, is being discussed with somebody.

Compared to the past few years whn money was hard to come by, this is an improvement of considerable magnitude, that may hopefully lead to increased activity in what this company does best, which is to find ore reserves. Let's hope that this is just the beginning.



To: Jake V. who wrote (1333)2/5/2001 8:54:16 AM
From: Chuca Marsh  Read Replies (2) | Respond to of 1419
 
Jake U said" more to come" So; I looked in the CDNX Bullitine Base: WOW:
""..
Bulletins are available for companies which are currently listed on the CDNX.

CONQUISTADOR MINES LTD. ("CMG")
BULLETIN TYPE: Property-Asset Disposition
BULLETIN DATE: February 8, 2000

CDNX has accepted for filing an option agreement dated November 5, 1999, whereby AngloGold South America Ltd. may acquire up to a 50% interest in the Colombian properties of Conquistador Mines Ltd. exclusive of the Marmato project, by funding US$2,500,000 on the properties within 5 years. AngloGold must fund US$250,000 within the initial 6 month period, US$500,000 within the subsequent 12 month period, and the remaining US$1,750,000 within the following 42 months.
________________________________________
..""
Chucka Happy AnnivrsayDate on the 8th of Feb 01 - a half million USDs- understatement, read Bob Bishop, LITTLE DOWNSIDE RISK as of this fall= Big UPSIDE this spring I say!