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

To: John Sladek who wrote (932)	6/11/2001 3:31:55 AM
From: marcos	Respond to of 8273

Will you be staying in Teck after the merger? ... it'll be a paper offer, if they make it a non-taxable event then you can just do nothing, it will default to tek.b shares ... ? pdg.to - why? ... why not fn.to instead? ... i like their philosophy better, the billion in the bank, the smart way they get mileage out of cash when they use it ... how is this for a deal - 'Franco-Nevada has transferred to Normandy 100-per-cent ownership of its Ken Snyder mine and Midas exploration properties in Nevada and its Australian interests as well as subscribed for $48-million (U.S.) in Normandy shares. In return, Franco-Nevada received 446.1 million new ordinary shares of Normandy representing a 19.99-per-cent interest in Normandy, postissuance. Franco-Nevada also retains a minimum 5-per-cent net smelter return royalty on the Ken Snyder mine and Midas exploration properties which escalates at gold prices over $300 (U.S.) per ounce to a maximum 10-per-cent net smelter return royalty at gold prices over $400 ' Not that i'd want to sway your judgment or anything -g-... just strikes me that Franco is THE major of worth ... they're agin hedging, and Normandy is hedged up the ying-yang, just watch them work out something there den.to - i sold soon as the volume eased off, thought it would come back lower than .19, but not yet sff.to, wft.to - aaargh, forest products ... good luck trying to sell them to somebody in the trade -g- ... not bad charts though eh ... one thing about the price of logs, and i think it has at times been true for FP shareprices as well - best price of the year averages out historically in the spring, March April or so ... due to seasonal effect on building starts in the northern hemisphere ... a log sold to a mill on 15 March can be cut into lumber, loaded on a ship, taken to the Eastern Seaboard, and sold in May or June ... where it may not be used in construction until fall, but it is now helping to take up space in lumberyards that were near emptied in April-May ... and it has fetched a good price along the way .... but of course there is more to these companies than lumber ... West Fraser is second only to Interfor on the hate list of the greenpeacers, btw bwr.to - i keep meaning to look at Breakwater, it's been a long time, lost touch xcl.to - will SK nail down the whole property?? ... twenty days to go now ... PoG making signs, that should help