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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (3172)	10/1/2002 1:43:19 AM
From: marcos	Read Replies (1) \| Respond to of 8273

I don't believe anybody is above criticism, even stockwatch ... with the first xcl header, they were just making a juvenile pun on the name of the property, Sleeper, it was later when called on it that somebody there got in a snit and stuck them with 'distressed' .... this is my impression anyway, can't recall the wording of the first header that they pulled, i think i typed it in way upthread somewhere, but it was insulting, and gratuitously so X-Cal will get financed, you just watch ... they've been offered money, this i know ... people walk away saying terms are too high, for now ... thing is, Shawn does not want to dilute beyond the amount necessary, he was forced to dilute during the gold bear, and didn't like it one bit .... now with an improving PoG he smells the tide coming his way, he's got the property nailed down, good relations with Kinross who are shareholders, and he's got a strong core of faithful shareholders .... no panic, better next year than this if it means he has to print a lot less paper per loonie going into treasury We've seen the opposite approach over the last year with National, printing lots of paper, some of it at fifteen cents last fall, now it's all coming free-trading and pulling down the market cap .... not necessarily a reflection of management desire to dilute, as the money was necessary to nail down Salamandra and get rolling on the project, but it does affect the relative ability to finance in the near future Most if not all of the 'stocks' Webb and Mudry get pounding on are stuff you wouldn't touch in a million years anyway .... it's still good reading, for sure, excellent background for the speculator Speaking of Mudry, i just caught this piece - #reply-18055255 ... i was wondering when the biker component would get a mention with this story .... there's a town i was through a few days ago, where folks were busy discussing two of the names from this article, highly interesting stuff if you like to gossip, some of the details are nicely juicy, whether embellished in the telling or not, hard to say