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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (3084)	1/20/2002 11:08:12 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 4409

I do not have any records before December 31st 1992. But back then they were a mining company prospecting for copper. There was 4M shares outstanding or so. There has been no stock consolidation since then, so it is the same company since that date.

To: Little Joe who wrote (3084)	1/20/2002 11:11:22 AM
From: Claude Cormier	Respond to of 4409

LJ, This is from a Nov 21 1994 press release: John Kaiser says in his 1995 annual Bottom-Fishing Guide (dated November 28 1994) that Corner Bay is an overlooked junior that will trade at significantly higher prices during the next few years. With a TSE listing, a small share capitalization of which at least half are owned by insiders, and a good portfolio of properties in Eastern Canada and Mexico, Mr Kaiser is puzzled why this stock slept through the last market cycle. The San Francisco-based bottom-fishing guru believes history is to blame for the company's current state of investor neglect. In the 1980s, Corner Bay was called Seabright Explorations and was controlled by another public company called Seabright Resources that was bought out by Australia's Western Mining Corp. in 1988. Western Mining blew $500 million on a North American acquisition spree and Seabright was just part of this disaster. In 1991 Seabright shares were rolled back 1:5 and the company merged with a private entity, Corner Bay, put together by Terry Flanagan. The resulting company was owned 25 percent by Western Mining and 25 percent by Flanagan-McAdam, neither of which group figured Corner Bay prominently in their plans. Corner Bay management has nursed the company along and Mr Kaiser says it is ready to prospect for elephants. When you see that BAY has been there for more than a decade and still has only 15 millions shares outstanding and an asset like Alamo Dorado, you understand why current management is highly regarded by analysts, bankers and investors.