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

To: tyc:> who wrote (1477)	9/27/2001 4:40:12 PM
From: marcos	Read Replies (1) \| Respond to of 8273

No, missed that, it's not yet on stockwatch ... i dunno about this part, betcha any dividends are nominal after upcoming deductions for various items of 'national interest' a/k/a local strongman pocket-lining - 'Inmet chief executive Richard Ross said his company had been involved in the decision-making process and believed the proposed arrangement would protect the value of Inmet's investment and ensure that a dividend was paid.' ... not that i know the local politics, i don't, just seen statements like this before, they are frequently face-saving noises made on retreats If you deduct the one loonie eighty something in cash, imn has a market cap of ~40m outstanding times say sixty cents a share, equals ~24mCdn or ~16mUS ..... so that would be 16US/oz for Troilus, if you ignore Cayeli and the Antamina interest and all the rest of the company ... OK Tedi is to me a write-off, if anything comes from it fine, if not, oh well, que será será ... but now Ok Tedi cannot [?] become a liability in that Inmet could get whacked with 'fines' etc ... eh? ... that possibility has been hanging over the heads of the OKTL holders, i think It's a cheap stock of high quality, no doubt about it imho ... still, it's not the only one around, lots of company in that category, they've been cheap a long time now ..... gold 52% of yr2000 production, copper 38%, according to Yahoo - biz.yahoo.com What's up lately with the lawsuit situation in re Homestake and Troilus? .... cheers [edit] - aside to svenlar Pete - guess i shoulda traded off the aur.to and bought it back a loonie cheaper eh ... aaargh ... oh well, at least i didn't pick Nortel at Christmas -g-