Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks! -- Ignore unavailable to you. Want to Upgrade?

To: m.philli who wrote (1334)	2/27/2001 9:33:38 PM
From: Harry K	Read Replies (1) \| Respond to of 1348

Last time I looked, they had about 38MM shares out there. Management still seeking the $16MM to start up the mine - though in this depressed mining sector, $$$ are hard to raise by many other mines as well. This one has been down for over 12 years now - so if they have any assets still lying around that isn't ore, they're rusted out and useless. I agree with all of Alan's postings - but there's one unique thing about Keno - it's a political child now - perceived as a potential source of employment of many of the locals - and a source of tax revenue by the provincial govt. With all the ore they have still in the ground - and the realization that selling the property off piecemeal would render the overall thing worthless - so nobody wants to be the first to start breaking it up - all this, coupled with Alan's perception that a spike in Silver could drive the UKH shares up considerably on sheer speculation - this beast remains alive - but dormant!! If you have any shares - hang onto them - there's not much downside now - but plenty of upside - even if it is shortlived!