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

To: jpthoma1 who wrote (24940)12/3/2003 9:36:49 AM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 39344
 
JP CNI/Inco. Last ammounced placement should tell some: 8.5 million units offerd @ C$15 plus possible 1.5 units over allotment.
That is 10 million units, 10 million shares @$15 plus 5 million @ C$18.5 for the warrants.
Adds fully diluted 15 million shares to the actual 33.3 million.
33% dilution.
All valuations made before the financing must be revised to 2/3rds.
I closed my position.

Inco would have added 2.7 million shares.



To: jpthoma1 who wrote (24940)12/4/2003 8:41:37 AM
From: menanna  Read Replies (1) | Respond to of 39344
 
Hi JP:

Thanks for your reply.
Although the Inco/Goro JV may explain their decision, I still don't like it. On the other hand, the bottle is still half full. Life goes on.

BTW JP, thanks for the your great posts on "Le Coin des Prospecteurs».
Particulièrement instructif sur l'exploration du Québec. Excellent.

Ciao - Anna


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