Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (109651)	6/21/2001 2:08:36 PM
From: Real Man	Read Replies (3) \| Respond to of 436258

Some rumors to consider: Pasminco(PAS)an Australian listed co which is the worlds third largest producer of silver had its shares suspended on the Australian Stock Exchange today.Rumors are flying that unless the co is taken over ,bankruptcy is inevitable.Its share price has dropped over 50% in the last month.Its market capitalization has dropped from nearly 3 billion AUD to 250 million AUD in little over a year.The reason for its woes are many.Pasminco is also the worlds largest producer of zinc and is losing money on every tonne of zinc it produces,zinc prices are not expected to recover in the foreseeable future .It entered into bad currency hedging which is costing the co tens of millions every month.It is 1.9 billion AUD in debt. Pasminco has sold forward 5 years of silver production . It could prove interesting.