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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (1338)	6/10/2001 11:05:57 AM
From: marcos	Respond to of 4051

'Doesn't SUF have 108.2 million out' - no, just a hair over 31 millions ... they've always been good about avoiding as much dilution as possible ... their most recent financing is by debt backed by forward sales to an auto firm ... for the outstanding, here's the stockwatch release of 28 May - 'Mr. Patrick Evans reports A further $2-million (U.S.) in exchangeable capital units issued on March 1, 2000, is being converted by RMB International (Dublin) Limited into 1,509,130 common shares at the strike price of $2.07 (Canadian) per share established at that time, bringing the total number of issued and outstanding shares to 31,175,995. This exercise reduces the outstanding units to $1-million (U.S.). The original $5-million (U.S.) in units was used to acquire a portion of SouthernEra's 70.4-per-cent interest in Messina Limited, which holds a 100-per-cent interest in the Messina platinum group metals project in South Africa. Rand Merchant Bank was appointed by Messina Limited last December to arrange and structure senior debt financing for the completion of construction and startup of the Messina project. These arrangements are expected to be completed in the near future. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com ' 'Might be the perfect FN 15-20% stake ' ... yes ... two of my favourite companies collaborating, that would be great .... massive political risk in the country of course, which warrants a hefty discount compared to what you'd value the assets at in Chile or Nevada or Québec, but not near the current discount imho ... the market has yet to wake up to what Southernera has coming at Messina. southernera.com