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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (56078)	1/28/2008 8:49:30 AM
From: ogi	Respond to of 78436

I will try, give me a while.

To: loantech who wrote (56078)	1/28/2008 9:26:23 AM
From: ogi	Respond to of 78436

Interview is from Casey's Explorer's League. It is a free membership but the article must be logged on to and is too big for me to copy and paste. Here is a link to sign up,That just might give you the article too, it is a free email service: caseyresearch.com Othherwise, here is an excerpt wher Catherine is talking about the Barrick takeover of Arequipa, where R.Threldkeld was prominent. XL: So they launched a bid? CMS: It’s kind of a funny story… this was mid-‘96 when we were in a boom market for our industry. Bre-X was still the darling, trading at $200 per share on a pre-split basis, and several other companies were making real discoveries. It was the heyday after the fall of the Wall [in East Germany], with many countries opening up for foreign explorers to come in – Indonesia, Eastern Europe, Africa, South America. And many stocks were trading up in the $10 range. Our stock price went from pennies to about $11/share based just on our surface samples. We kept putting out surface and tunnel results and by April it was trading at $22. And then it hit $30 with the first drill hole. But when we released the second drill hole of only 44 meters, the stock plunged to $16 within a couple days. Well, Fidelity had always thought the stock was too expensive, and they stepped in at that point and bought a million or so shares. They had heard the story many times, they were confident with management, but that really takes guts to step in front of that kind of falling knife! Meanwhile, David couldn’t understand this at all. He said, “What’s going on here? We went to $30 on one drill hole and now we have an ore body and it’s going down?” But we went back on the road and the stock was starting to move up again, so I thought we were doing a pretty good job. We came back to Toronto and in fact, Ray Threlkeld, who’s now with Western Goldfields, was at the restaurant that night and came over and congratulated us. He was one of the top guys at Barrick, and we didn’t know it at the time but he was the champion of them acquiring Purina. Well, the next morning I get a call at 6:30 am from Alan Hill, who’s now at Gabriel, and he was the right-hand man to Bob Smith and Peter Monk. He sounded nervous on the phone and said he wanted to get together with us right away. Now this isn’t anything unusual – we’d met with them many times and they knew we were in town. I looked at my schedule and said I could meet him at 2:30 that day. But he said, “No, I need to see you earlier than that.” So I told him I could cut my breakfast meeting short and we could meet him in the lobby.