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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: john who wrote (1819)12/14/1997 10:59:00 AM
From: Mike  Read Replies (1) | Respond to of 4718
 
John, I dont think they raised 24 million as you suggest. A big portion of that financing fell through when the Rappa purchase did. I think they have only gone through about 7 million. This is not abnormal, as they youst bought into the B.C. property with big upfront costs, that are clear now, and there were payments to be made in indonesia to aquire the position in the property that they now have (76.5%). Now that everything is secure, they only have the costs of exploration, which they now set as they are the operators on both properties......
Mike



To: john who wrote (1819)12/14/1997 11:39:00 AM
From: The Fix  Read Replies (1) | Respond to of 4718
 
John.....Do you think that with what the current market conditions are at, That ANZ will be operating at full speed ahead? The "Burn Rate" has been slowed down somewhat! This might explain to us all the lack of news coming out of Indo and B.C. ANZ didn't get the full 24 mil.$$ last year, It was 17 Mil Cdn. Under your scenario they might need to raise cash in a bear market at under $1.oo........OUCH!

The Fix


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