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Gold/Mining/Energy : HARMAC PACIFIC (TSE: HRC) -- Ignore unavailable to you. Want to Upgrade?

To: Jay Arkay who wrote (2)	11/15/1997 1:47:00 PM
From: Adrian Thompson	Read Replies (1) \| Respond to of 11

Jay, Thanks for your interesting post. As you can see, not many people post on this site. I currently hold Harmac's convertible bond. The bond is tied to the share price - converting to shares at $16.00. With share prices down, the bond price has collapsed. I feel the bond is a good way to bet on the share price while being paid 8%. I too believe that the pulp market will recover over the long term - but who knows how extensive the problems in Asia will prove to be.