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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (702)5/18/2001 1:08:32 PM
From: ralfph  Read Replies (6) | Respond to of 8273
 
Highwood

I was in on this years ago. I think it was a John Kaiser flag but I do not recall the details except management at the time was not the usual gaggle of crooks.I will go diggin .

CPT- If they do not pull a Meridian(satelite phones) they will end up being one hell of a contender. As long as the cash holds out. It may take a while but this company could be huge.

PLY -formaly another Kaiser flag. I was in it when it was Layfield. Not too impressed with the present structure and can not figure out if it is legit or a pump. Nice grab samples though. Maybe the bags where full of galvanized bolts before they took the samples.<ggg>

Marcos what was the name of the company that had property staked on strike from DMLs property and Major Generals in south Voisey Bay? It started with an L as well and the mangement was one to avoid . They would load up below market and sell into it.

QBX- All of a sudden CC ain,t trying to squash the price. I would not be surprised to wake up and find they had dropped 100.000 on the ask and squish it but the present pattern does not support that. more likely being set up for a little pop and pullback.



To: marcos who wrote (702)5/18/2001 1:14:18 PM
From: kidl  Read Replies (1) | Respond to of 8273
 
Marcos,
John Kaiser has been following HWD for years and still is. I just found out that he put out a blurb about HWD yesterday but haven't seen it since I'm no longer a subscriber. His "ho-hum" approach on WSP did me in ... <g>
kidl



To: marcos who wrote (702)5/18/2001 3:01:38 PM
From: tyc:>  Read Replies (1) | Respond to of 8273
 
The current spike in the price of gold raises an interesting situation for IMN. Several years ago, it arranged to sell its Troilus gold mine to Homestake for C$160M. The price of gold fell, and Homestake backed out of the deal. Inmet immediately sued for completion.

The litigation has been in progress in Vancouver since February this year; and should be completed in a couple of months.

It's intriguing because there are still 1,000,000 ounces of gold to be mined in the remaining 6-7 years of mine life. Richard Ross the president recently (Sept 13 presentation) said that with gold at $285, it should generate FREE CASH FLOW of about C$100,000,000. Obviously every $10 increase over $285 would add another $10,000,000 to total free cash flow. So where's the top for gold ? This law-suit might turn out to be a win/win situation for IMN.

Incidentally, Mr Market is apparently offering the Troilus mine for free right now as IMN is still trading at its working capital.