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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (89422)	9/9/2002 3:33:47 AM
From: E. Charters	Read Replies (1) \| Respond to of 116797

I have control of Wildcat. Won't cost a cent. :) What will it cost to get into wildcat? No probs. So much a share. The shares tell the story. So many shares out, so much percentage. If we need money, we need to sell more shares, n'est-ce pas? And what I have seen of gold mining it always could use capital for new projects. Even Cominco and Barrick will go to the well in Europe and sell bonds to finance new projects. Very few capital intensive businesses can do without share issues from time to time. Gold loans are a possibility. But I know people who qualify and they are not that easy to get. You need a feasibility. F'rinstance I can see project one, making 9 mill before taxes in 9 months. Nice little pass. But project B will take 10 mill just to get started. Of course it has 75 mill in it, so that is fair. But do you plunk down the whole ball of wax just to ramp up to proj B? Methinks you would go back out there and sell shares. Pretty hard to sell shares if you are private so it's off to the exchange. Libby's Canning in Ontario sells private shares in its company. If you want to buy some you have to stand in line. No kidding. If they don't like you, you don't get to buy any. It's like a private club. Nobody is breaking my door down, so I will sell paper to Beelzebub if he writes a cheque. If gold rises there will probably be more than one party that will want to play. The way I see it the only way to make sure everybody is happy is to sell paper. First come, best served. Debt financing afterwards is a possibility. It is tough without documents that would fill up a trailer. Have you ever been to a bank to try to borrow money for a gold mine? CIBC used to loan money to miners in 1896. Later the Royal was known to do that in the 1970's. The Royal foreclosed on a lot of mines just as they were getting going, leading some to suspect they had ulterior motives to sell to friends cheap. No. They would not do that. Anyway, if you care to collect imprints of shoe patterns on cloth as a research project, you may wander into a depository insitution with prospectus in hand. Before you parabolically arc above the pavement you will be treated to the spectre of a smile freezing in disgust so fast it makes a 'pop', and the air conditioner turning into a wind coming off a glacier. The friendly loan manager becomes Attila the Destroyer just as the the words "we wish to borrow money to start a new mine" are out of your mouth. His finger gropes for the red button on his desk. He pushes it desperately several times. Security guards hustle into the room. "Don't spill the coffee on the carpet. Dump him outside" The words ring in your ear as you find yourself suddenly airborne. Sometimes they remember to open the door before they throw you out of it. EC<:-}