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Gold/Mining/Energy : MIRAMAR MINING (MNG) -- Ignore unavailable to you. Want to Upgrade?

To: John Dally who wrote (395)9/6/2002 10:09:58 AM
From: aknahowRead Replies (1) | Respond to of 457
 
Given the size of the program and a response from Miramar's p.r. department I believe they will make more than one release providing results. IMO the first release could come any day now.

Appreciated the Dundee information. Ever considered Dundee as an investment, given the huge discount to asset value? Was unable to quickly find the management fee which sort of offsets the value of the discount.



To: John Dally who wrote (395)9/8/2002 1:17:03 PM
From: aknahowRead Replies (1) | Respond to of 457
 
Thanks again for the Dundee information. I have now read the latest annual report. Lots of worthwhile information about how they select investments. The regular management fee is 1% per year, paid 1/12 monthly, but there is a performance fee based on outperforming bullion.

They used to own about 28% of Hope Bay and thus ended up with 10% of Miramar after the merger. They have great expectations for the Hope Bay area.


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