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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (11225)	8/27/2005 10:28:34 AM
From: Galirayo	Read Replies (1) \| Respond to of 23958

I found that Canadian Ticker earlier and I've read thru some of what I could find. Where do you see they are hedged to the Short Side? And I couldn't find the conversion dates. They must be detailed in the Afcan acquisition. Show me where you found it? TIA Ray A Special Meeting of the Afcan shareholders and warrant holders is scheduled to be held September 8, 2005. The transaction is expected to close on September 16, 2005 and remains subject to the approval of Afcan shareholders and warrant holders, court approval and regulatory approval. Under the terms of the Agreement, Afcan shareholders will receive one common share of Eldorado for every six and one-half (6.5) common shares of Afcan. Based on the 30-day volume weighted average trading price for Eldorado common shares on the Toronto Stock Exchange as of May 30, 2005 of Cdn$2.88, the transaction values each Afcan share at Cdn$0.44, a premium of 25% to Afcan shareholders based on Afcan's 30-day volume weighted average trading price. Eldorado will issue approximately 20.4 million common shares under the transaction such that at closing it will have approximately 296.9 million common shares outstanding. In addition, Eldorado will issue one Eldorado warrant for every 6.5 outstanding Afcan warrants. Each Eldorado warrant will have an exercise price equal to 6.5 times the exercise price of the Afcan warrant in respect of which such Eldorado warrant was exchanged and will have a term to expiry which is the same as such Afcan Warrant. All other terms and conditions! of the Eldorado warrants will be substantially similar to those of the Afcan warrants.

To: Sergio H who wrote (11225)	8/28/2005 11:41:45 PM
From: Gulo	Read Replies (1) \| Respond to of 23958

I haven't followed gold for many years. The oil price spike coming tomorrow is definitely up my alley, though! I'll be kicking myself for selling the SU calls on Friday, but the rest will ride like a bronco with burrs under the saddle. YEEHAW! Giddy-up! -g