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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (2103)	3/2/2002 5:46:24 PM
From: Gord Bolton	Respond to of 39344

Over the last 14 months an ounce of gold has increased from 3000 yen to almost 4000. pacific.commerce.ubc.ca A letter sent out to contacts this morning by a reader (grateful thanks for including us) carries a report off the Dow Jones Newswires dated June 13 and datelined Tokyo. The report says according to gold mining and investment firm Jipangu Inc's president Tamisuke Matsufuji, 46, gold prices are now sitting on a powder keg and he is expecting Japan to light the fuse. He told the Dow Jones Newswires, "The price of gold is ready to take off. It could go up to Y3000 or even Y4000 per gram each and Japan could lead the way. This is roughly equivalent to $US764 per troy oz. He believes the US market will fall sharply, the US$ will fall to 80Yen and US bond prices will crash. He has been buying major stakes in mining companies, including an option over a significant stake in Harmony Gold Co Ltd of South Africa, 24% of High River Gold Mines, 22% of Cambior Inc and 24% of Claimstaker Resources Ltd, all based in Canada. Matsufuji has some 20 million ozs of gold or 622 tons now under his control. He said he wanted to give Japanese investors the opportunity to use yen to invest in yen denominated shares of Jipangu, which gives them an indirect stake in the various mines without exposure to currency risk. kina.com.pg Jipangu aquires 7.5 million shares in MNP.V Message 17031562 Carpenter received 10 million shares of MNP.V for their 25% stake in Mt. Kare. sedar.com If Jipangu aquired their MNP shares from Carpenter, that would have left Carpenter with only 2.5 million to get rid of if it is Carpenter who are selling through Gundy. But we have had much higher volume than 2.5 million over the last month. Whomever has been selling all these shares at 10 cents will have an opportunity to buy them back at 10 cents and then receive 1/2 warrant to purchase an additional share at 12 cents. Looks to me like the cash has already been raised. I would not be surprised to see PDG make an offer in the near future with payment in PDG shares. Some people might already be aware that such an offer is in the works. Thursday Feb 28 2002 News Release Mr. Chet Idziszek reports PRIVATE PLACEMENT TO FUND RESUMPTION OF EXPLORATION Madison has, subject to regulatory approval, arranged a non-brokered private placement of eight million units at a price of 10 cents per unit to generate gross proceeds of $800,000. Each unit will consist of one common share of Madison and one-half warrant, every full warrant entitling the purchase of an additional common share of Madison at a price of 12 cents per share for a period of 18 months.

To: russwinter who wrote (2103)	3/2/2002 8:44:59 PM
From: Gord Bolton	Respond to of 39344

Here is where Jipangu acquired Madison shares- not saying that they might not have acquired more. If they were a good buy at $.65, why not buy some more at a lower price? MADISON ENTERPRISES CORP. (``MNP'') BULLETIN TYPE: Private Placement-Brokered BULLETIN DATE: February 25, 2000 CDNX has accepted for filing documentation with respect to a Brokered Private Placement announced February 1, 2000: Number of Shares: 8,477,310 shares Purchase Price: $0.65 per share Warrants: 4,238,655 non-transferable share purchase warrants to purchase 4,238,655 shares Warrant Exercise Price: $0.70 for a one year period $0.90 in the second year Placees: Abraham Aronowicz 400,000 Jipangu Inc. (Tamisuke Matsufuji) 7,692,310* Capital Pro International Inc. (as portfolio manager) 385,000 Agent: Canaccord Capital Corp. Commission: The Agent will receive a cash commission of 6% of the gross proceeds raised (approximately $330,615). In addition, the Agent will receive a Broker's warrant entitling the Broker to purchase up to 847,731 shares at $0.70 per share in the first year and at $0.90 per share in the second year. * The exercise of this placee's warrants is subject to shareholder approval. CDNX has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 3, 2000: Number of Shares: 153,847 shares Purchase Price: $0.65 per share Warrants: 76,923 non-transferable share purchase warrants to purchase 76,923 shares Warrant Exercise Price: $0.70 for a one year period $0.90 in the second year Placee: Gabriel Investments Ltd. (Jeff Durno) Finder's Fee: David Scott will receive a 10% finder's fee in the amount of $10,000. These securities have not yet been issued, but there may be additional conditions precedent to closing. The Company must issue a news release if the private placement does not close promptly. ________________________________________ www1.newswire.ca