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

To: gold$10k who wrote (864)	5/10/2001 8:10:02 PM
From: Don Lloyd	Respond to of 905

Message 15785204 Regards, Don

To: gold$10k who wrote (864)	5/10/2001 8:31:08 PM
From: Box-By-The-Riviera™	Respond to of 905

ditto

To: gold$10k who wrote (864)	5/10/2001 9:25:07 PM
From: russwinter	Read Replies (3) \| Respond to of 905

I don't think the terms are real good for the shareholders. However, this will create huge liquidity in the entire capital structure that didn't exist before. This in turn will allow a lot of stock to be bought (by the company, or by outside parties) if it continues to sell cheap. I see the core value (excluding Hellas)of TVX as 175 million for TVXNA and 50 million for the cash, or 63 cents a share 225/357 million out. The downside risk to zero has now been removed as the debt is gone, but so has much of the upside leverage. The value of TVX Hellas will range from nominal if they lose the court case and this becomes a "takings legal play" to perhaps 300 million at 275 POG, and higher depending on POG if they win the court case and their final permit. I think the later is still likely, therefore any price under 75 cents will be a strong buy until the case is known. I think vultures will jump all over this stock under that price. If the company could buy back shares the upside will be enhanced from the target I'm giving here. The target if the case is won at 275 POG will be a buck and half. Traders can judge prices in between accordingly, with under a buck being a strong hold.