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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (1268)	9/8/2002 11:21:35 AM
From: 4figureau	Read Replies (1) \| Respond to of 5423

KRY: - KRY should be top news for the next couple of weeks considering they have been awarded one of the 6th largest gold deposits in the world. - My guess is they will retain around 70% of the project with about 30% going to the CVG. - By the time all is said and done...KRY will be responsible for investing close to CDN$ 1 Billion ($200 Million so far according to Cottin) in Venezuela. - Several mining analysts and newsletter writers will scramble to get reports out this month. - Over 2 Million shorts may want to cover starting Monday morning. - Many institutional buyers will add to their positions. Market Capitalization: U.S.$137.5M Shares Outstanding: 81.3M Float: 80.5M TSE Short Position: 708,892 AMEX Short Position: 1.34 M Some of the players to watch for... Notable TSE (a couple weeks old) positions: Scotia 1,669,890 Sprott 537,300 Bunting: 320,614 Salman Partners 315,700 * Yorkton bought 742,000 last week and crossed 298,300 on Friday (More on that later) Institutional: Standard Bank (London) As at 26-Dec-01 Held 4,604,181 shares Global Capital Strategic Advisors* As at 30-Jun-02 Held 4,131,698 shares Ontario Municipal Employees Retirement System (OMERS) 132,700 plus 2,222,223 in a PP to hold 2,354,923 shares. State Street Research & Management Co. 1,450,000 Moore Capital Management, Inc. 896,900 Kilmer Van Nostrand Co. Ltd. 888,888 Oppenheimer Funds Inc. 402,000 David W. Tice & Associates, Inc./Prudent Bear Fund 400,000 Van Eck Funds/Van Eck Associates Corporation 343,000 Sterling Johnston Capital Management, Inc. 280,350

To: marcos who wrote (1268)	9/8/2002 11:45:15 AM
From: 4figureau	Read Replies (1) \| Respond to of 5423

KRY: Can Fung raise 500 Million? Look at the connections to Standard (Uruguay project) Bank, Endeavour, and Yorkton..not sure about Deutsche: >>Crystallex's Cottin said several banks and investment companies had shown interest in financing the project, among them Deutsche Bank, Standard Bank of London, Endeavour Financial Limited of Britain and Canada's Yorkton Securities.<< Endeavour Financial Limited endeavourfinancial.com siliconinvestor.com Endeavour Financial Transactions: (Check out Venezuela projects that KRY now own) siliconinvestor.com Fung Bios: (Note: Fung no longer with Yorkton) >>Apart from his background—he hails from Trinidad—Fung is quintessential Bay Street, having been involved in some of the country’s biggest takeovers. His longest stint, from 1980 to 1997, was at Gordon Capital Corp., known for its aggressive, innovative dealmaking—and its share of regulatory scrapes. Fung is now in business with another firm well known to regulators—Yorkton Securities. Fung signed on as deputy chairman of parent company Yorkton Financial last year: The idea was that Fung would bring some gravitas to a young, energetic firm. But in December, Yorkton Securities’ wunderkind CEO, Scott Paterson, was fired by Yorkton and fined by the Ontario Securities Commission for conflicts of interest. Saddened by the fall of a friend he describes as “a great entrepreneur,” Fung says he’s confident about a “bright future” for Yorkton, which has since overhauled its executive ranks. “He was connected to Ottawa—very important,” says Bitove. “Because a lot of people saw the Olympic bid as being mostly Tory and mostly Queen’s Park. We had to balance that.” Fung bristles at queries about his personal ties to Finance Minister Paul Martin, a friend from their days as college roommates, and Prime Minister Jean Chrétien. The two top Liberals attended the wedding of Fung’s son Mark, a former staffer in the Prime Minister’s Office. In 1986, the elder Fung brought Chrétien into Gordon Capital for a four-year stint before his return to politics. Later, the Liberals drew fire in 1995 for selecting Fung’s firm to handle the privatization of Petro-Canada. robmagazine.com Biography of Robert A. Fung Robert A. Fung is Deputy Chairman of Yorkton Financial Incorporated, Canada's leading high technology and biotechnology investment bank providing corporate financial advice and strategy in the areas of mergers, acquisitions and capital markets. From 1980 to 1997, he was the vice-chairman and a director of Gordon Capital Corporation. He was a senior member of the team that built that company into one of Canada's most innovative independent investment dealers at the time, participating in many of Canada's largest corporate transactions. Much of his efforts focused on corporate finance in the natural resources sector, particularly in acquisitions in the oil and gas industry. Upon leaving Gordon Capital, he joined Capital West where he was a senior partner. From 1967 to 1978, he was vice-president and a director of Dominion Securities Limited with responsibilities for its investment activities in Asia and the Middle East. He began his career in the investment industry in 1964 with Wood Gundy. Mr. Fung is a member of the board of directors of a number of private, public and charitable organizations. He is chairman of Crystallex International Corporation, SMART Toronto, as well as a director of Mount Sinai Hospital, Simon Lunenfeld Research Institute, Canada's Export Development Corporation, Asia Pacific Foundation of Canada, GLOBE Foundation of Canada, and StockHouse Media Corporation. He was a member of the Prime Minister of Canada's Advisory Committee on Asia Pacific Economic Corporation, as well as a member of the Government of Canada's Department of Industry International Trade and Agriculture Team Canada Inc. Advisory Board, which provided advice to the Government of Canada in setting strategic direction and performance objectives for Canada's International Business Development. Mr. Fung chaired the Toronto Waterfront Revitalization Task Force on behalf of the Government of Canada, the Province of Ontario and the City of Toronto. He recently issued his report detailing a strategic business plan for the $12 billon renewal, development and financing of Toronto's waterfront. Mr. Fung was born in Port of Spain, Trinidad. He studied at the University of Toronto and has two sons, Robert and Mark.<< city.toronto.on.ca