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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (4930)	3/25/2001 8:24:59 PM
From: knight	Read Replies (1) \| Respond to of 5053

..at this stage i want to see the money...medsite has raised over $US80mm..jordie has $2.6mm tied up..where is the payback? At some point in time the company has to start to show a return on its' investments..the remaining cash will only last so long. I don't see a turnaround in the tech sector any time soon. I know about Loma and it's good to see this may pay off for jordie from the old days. Not a SH at present (thankfully) but if the stock continues to slide, might just get back in @ the low to mid teens. The company is in hibernation by its' own admission: "Given the recent market turbulence, iTech intends (subject to meeting its Ironside funding commitment) to preserve its cash until the markets stabilize." I don't know what is meant by "stabilize" but if they wait for a "turnaround" it could be awhile. Anyone going to the AGM in April?

To: Condor who wrote (4930)	3/26/2001 1:47:48 AM
From: marcos	Read Replies (1) \| Respond to of 5053

wmc.com.au - 'nickel supply/demand gap' down the road a ways ... several other pages here - wmc.com.au ... internet sales - wmc-nickel.com lme.co.uk - can't post graph directly ... volatile metal, currently ~6200US/t and looks like it's on a downtrend ... now trading at half of what it was two years ago, and fifty per cent above what it was four years ago ... what a rollercoaster 17,645t times 6200US = 109mUS/annum ... times .008 = 875kUS/annum gross to ite.to ... how about one quarter of that as positive cash flow? - that would be 219kUS/annum ... could be worth a couple of millions US to somebody? - easy ... but much more if the operation is efficiently run and nickel sees 11,000US again ... and that .08% of LdeN is carried whole - no cash calls ever. medsite.com - medsite doesn't look dead to me ... we don't get any financials on it of course because it's still private, so hard to make any judgments ... but i have a degree of faith in Staudt - would he throw good money after bad? - i doubt it. Enviromation - it could look better in these coming financials - last time they took charges and had poor sales partly because of seasonality, that was the weak half of the year traditionally ... they refer to it as 'the process controls business' in one of last year's releases, by that they mean Enviromation. Foreign exchange - remember when jdx lost on currency because it holds the cash in US$? - should work the other way this time, the loonie has sold off against the US. The only asset that sounds kooky to me is the WholesalePortal.com thing, that whole B2B craze was a fashion that went out of style fast ... but who knows, maybe it will survive or get taken over .... all in all i like ite.to still for the long run, hope knight gets some in the .teens, i'll be right beside him ... it would take only one winner from the stable to bring interest back into this thing.