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Gold/Mining/Energy : TVX Gold -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (818)	3/29/2001 11:15:27 PM
From: baystock	Read Replies (1) \| Respond to of 905

<<I assume that means the time between 80days prior and 48 days prior?? So there is 3 weeks of excersise price lotto. We'll have to keep it on the calandar... now to find out who owns this beast.>> I think they use the 20 day average price prior to the conversion, but I am not sure. So the bondholders get a bigger piece of the pie if they can hammer down the common share price as they near the conversion time. Somebody posted on the Yahoo message board that Palomar is one of the largest bondholders. Aparently Palomar are supposed to be sharp vulture investors and this is presented as an advantage. But if they are so sharp it actually may work to the disadvantage of common shareholders, since they may try to squeeze whatever advantage they can out of them: messages.yahoo.com <Palomar appears to be the largest holder of TVX bonds and is known as one of the sharpest vulture investors in the financial industry. They would NEVER invest heavily in TVX debt unless they believed that the real TVX assets FAR exceed that debt by a very nice multiple.>

To: LLCF who wrote (818)	3/30/2001 9:14:16 AM
From: russwinter	Respond to of 905

I posted this on Yahoo under my "valuedigger" handle in response to message 38321 on the NYSE listing requirements and note covenants (am I correct that this doesn't kick in until TVX is actually delisted?). Food for thought? I think this is just going to be too tempting for someone out there. It won't take much investment to gain complete (or functional) control of this company and it's alluring assets right now. Absolutely zero prospect that smart money types are just going to stand by a let these noteholders take it. I wish had the money. TVX management better have a game plan next week, not next month. Really just a question of who is first out of the gates. It's finance nirvana and heaven. post.messages.yahoo.com