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 : Solitario Resources, (SLR) T. -- Ignore unavailable to you. Want to Upgrade?

To: Dan P who wrote (22)	3/25/2001 10:20:17 AM
From: russwinter	Respond to of 38

Crown is a 41% holder. If Crown was liquidated (or a new deal struck with their note holders), the holding would be a very nice entry for someone into SLR, and would be an obvious step to a takeover. The second weaker approach might be to distribute SLR shares to the Crown debenture holders. The better variation would be to find some new truly interested shareholders to purchase Crown's shares. A bad outcome would be a forced merger between Crown and Solitario so that Crown could utilize SLR cash to pay off the debenture. I am certain SLR management would not support that as we would gain nothing from the exchange (unless you feel Crown Jewel in Washington has value). Could Crown pick up the additional voting shares to gain control in such an unfriendly approach?

To: Dan P who wrote (22)	3/25/2001 11:07:42 AM
From: Bruce Robbins	Read Replies (2) \| Respond to of 38

Obviously SLR will have to find someone else who is willing to pick up the 9.6 million shares that Crown owns. If they don't the stock price will definitely go down <g>. SLR has a great project with Pedra Branca, but that doesn't mean much for the stock price. Pedra Branca is still "grass-roots" and it will take time before we see some significant results (that will lead to a resource). Timing is everything in this business... I do not know if SLR will have what it takes to find a resource at Pedra Branca. I also do not know if SLR will be able to maintain it's current stock price. My bet is SLR will be below $1 within a month.