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To: TobagoJack who wrote (29759)	3/18/2003 10:52:38 AM
From: jrhana	Respond to of 74559

Hi Jay Great to see you're back If you have time, I'd love to hear if you have any new impressions after your trip. <Perhaps Impala can find Canadian proven platinum reserve of equal to their SAfrica hoard;0)> I sure hope so, YMU.V their partner has a very unproven anomaly which they hope will lead to a base metal find like that of FL.TO (Falconbridge). Unfortunately YMU.V is a dog in my portfolio but still may fly. They do need to prove up some resources first a rather iffy propostion.

To: TobagoJack who wrote (29759)	3/18/2003 10:39:08 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Jay, If you come to Koh Samui, will you pass Bangkok? Beers on Elmat's.

To: TobagoJack who wrote (29759)	3/19/2003 3:10:06 AM
From: elmatador	Respond to of 74559

IRAQI BONDS ARE ON A ROLL New York Post - March 18, 2003 Investors are starting to show more interest in the bonds of Iraq than those of the airlines and telecom firms. Some money managers are bidding as much as 16 cents on the dollar for the $11 billion of Iraqi debt, according to Bloomberg. That's up from a mere 8 cents on the dollar last September, when war appeared much less likely. The move comes despite Iraq's defaulting on the debt, repaying not a penny of the $62 billion total since the Gulf War 12 years ago. Bonds issued by AMR Corp., which hasn't even filed for bankruptcy, trade for a mere 13 cents on the dollar, said veteran junk-bond analyst Martin Fridson. Bonds issued by bankrupt UAL Corp., parent of United Airlines, command 19 cents to 25 cents on the dollar. So why does the market view Iraqi government bonds as less speculative than U.S. airline or telecommunications debt? Investors are betting that under a U.S. occupation, Iraq, which boasts the second-largest pool of oil reserves in the world, will be able to use its oil wealth to repay some of that debt.

To: TobagoJack who wrote (29759)	3/19/2003 8:02:09 PM
From: jrhana	Read Replies (1) \| Respond to of 74559

More Re Impala Platinum: <South Africa's cabinet has discussed proposals to charge miners royalties and will make them public tomorrow in a move that will trim the profits of the world's biggest precious-metals miners. The details of the proposals were not given at a briefing after the cabinet meeting.> Message 18724131 Message 18608825 As discussed I personally do not find it prudent to invest anything in South Africa (or the rest of Africa).