Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TrueScouse who wrote (21924)	10/8/2003 11:05:20 AM
From: bmccra	Respond to of 39344

Yes, sometimes I forget about the $10m USD payment due to Metallica in 2005. An acquiring company could deduct that from the cost of the takeover cost and the deal is that much more attractive. I believe Noranda stated that they are focused on copper projects for development so I can't imagine that they would walk away. It just doesn't seem to be a priority for NRD, which is fine, but in the longterm MR should do well. Mgt seems to be very good at avoiding dilution and financings have been done above mkt. I'll be interested to see how they handle raising the capex for Cerro San Pedro, but this is a great stock IMO. I regret that I traded any away at lower prices because this one should do very well over the longterm. I got spoiled with it trading to the low $1 range repeatedly and sold some on this rally, but the majority of my shares are a strong hold. And if there should ever be another return back under $1.20 (can't imagine it, but you never know...) I will load the boat if I can and won't be so quick to trade any. b

To: TrueScouse who wrote (21924)	10/31/2003 10:49:24 AM
From: bmccra	Read Replies (1) \| Respond to of 39344

Yesterday’s news, but should be positive for Metallica: American Stock Exchange Lists Common Stock of Metallica Resources Inc. Thursday October 30, 9:49 am ET NEW YORK, Oct. 30 /PRNewswire/ -- The American Stock Exchange® (Amex®) today listed the listed the common stock of Metallica Resources Inc. (Amex: MRB - News) under the ticker symbol MRB. Metallica Resources is a publicly held Canadian mineral exploration and development company with a geographic focus in the Americas. The Company has recently increased its ownership interest in a gold and silver project in Mexico to 100% and is actively pursuing its development. In addition, the Company has a significant copper-gold project in Chile. "Metallica Resources is a welcome addition to the growing number of mining companies listed on the American Stock Exchange," said John McGonegal, vice president of the Amex Equities Group. "We look forward to working closely with Metallica Resources on building additional shareholder value as well as increased investor attention." biz.yahoo.com b