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Gold/Mining/Energy : Echo Bay Mines, anyone (anyone) ((anyone))? -- Ignore unavailable to you. Want to Upgrade?

To: Stonesouls who wrote (200)	12/8/1997 1:23:00 PM
From: Michael Bidder	Read Replies (2) \| Respond to of 300

Pegasus, Royal Oak and Echo Bay Mines. These companies have been loosing money for years. If they were bleeding before now they are hemorrhaging. Think of it as an announcement by a pilot of an aircraft in mid ocean; "...we have insufficient fuel to reach the land." To the ignorant all seems well, the plane is still flying. But the fate has been written. -These companies have debt, and environmental liabilities that exceed their assets. Operations are costing them millions of dollars in losses per day. Time is the enemy. Tarus553 you were very correct when you said; "...I doubt you will get a clear picture or information before it is too late Harlan,thus making the risk even greater,you being the last to know." Hidden debt often called offbook debts and unforeseen liabilities that are not readily apparent are not reviled to the common investor until the end. Thus the picture is often much bleeker than at first glance. Caution to investors. All this is IMHO -Michael