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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (9210)	3/28/2003 10:27:25 PM
From: orkrious	Read Replies (1) \| Respond to of 39344

that was quick. thanks.

To: Canuck Dave who wrote (9210)	3/29/2003 7:46:59 AM
From: russwinter	Respond to of 39344

Telfer is a venture money raiser, and like all venture capitalists, has some duds, and the whole friggin world got caught up in dot. bomb (). That's pretty much par for the course with the genre. Largely though the guy's been involved in mining. The ability to take a start up from scratch, and raise several hundred million in the marketplace is impressive in and of itself, especially in the metals sector. And the major deals he's done with WHT also speak for themselves IMHO. I once had a conversation with another mining exec I'm close to about him, and would have to say he was envious of Telfer's money raising ability. Are you aware of anybody else who has done so to this extent (from start up to mid tier)in recent (depressed) times, and so quickly? I don't. He was also involved with financing TVX early on. He brings in talent to run mining operations, etc, and sticks largely to finance and deal making. Frank Giustra is also a key figure in this enterprise. wheatonriver.com () It's our responsibility as investors to determine where we are in the valuation cycle, and the vehicles to use, regardless of management.

To: Canuck Dave who wrote (9210)	3/29/2003 2:24:51 PM
From: marcos	Read Replies (1) \| Respond to of 39344

They really ran the Vengold-cum-Itemus thing to the moon, Telfer and Guistra et Cie ... don't know where to find a chart now, but it was extreme, maybe a fifty-bagger from Vengold's low to the high of Itemus .... this was mainly the principle of selling the people what they wanted, though, nobody had any interest in gold mining at the time, ven's share of Lihir was not a bad asset but nobody cared in 1999 .... so they cashed in the gold, started up a cmgi/icge model, and the share ran bigtime into the bubble peak of spring '00 .... were there huge amounts of cash raised using vigourous promotion? - sure there were, but that's what punters were demanding .... a few of us around here got a five-bagger plus out of old Jordex during the same period, it went tech-VC too, ran up and crashed with the rest ..... so it goes .... i never knew much about Itemus, so could not speak to specific charges against its management [other than that it was, significantly, a Yorkton deal], but this is just my view of the overall situation at the time, it was a frenzy, madness of crowds thing, mostly, imho ...... cheers 'With frenzy like this, who needs enemas!' ... -g-