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To: ItsAllCyclical who wrote (70377)5/25/2001 2:27:16 PM
From: goldsheet  Read Replies (1) | Respond to of 116762
 
*OT* CDE has about 40M shares and a market cap of around $60M. They have been issuing shares to pay off their debt. With $188 million in convertibles trading at 45%, they could retire it all for about $85M. It would take close to 60 million shares to do it, leaving current shareholders with 40% of the company and bondholders with 60%. It seems like the way to go to eliminate interest payments and keep the company solvent. I hope they make out better than Sunshine did, or TVX will, by shifting control to bondholders.

Repurchase: biz.yahoo.com
CDE/04: chart.canada-stockwatch.com
CDE/05: chart.canada-stockwatch.com
(great rise in the bonds)



To: ItsAllCyclical who wrote (70377)5/25/2001 3:13:35 PM
From: long-gone  Respond to of 116762
 
OK, perhaps not a strong message, but still a message. As to the order on close, IMO an order filled, is still an filled, though I do see your point.


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