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

To: Ray Fidler who wrote (1868)12/17/1997 9:05:00 PM
From: bill718  Read Replies (2) | Respond to of 4718
 
Ray, I talked with Peter at ANZ a couple days ago and he assured me the company will be extremely careful about how the remaining money is spent. Further, the burn rate is, and will now be lower than it has been over the past 6 mos. or so.

With so much drilling going gung-ho for so long, it should be very interesting to see what materializes in the way of forth-coming resource estimates.

On another positive note...The World Gold Council released a report on Wednesday detailing the substantial increase in gold demand in those countries which have liberalized their gold trading regulations, and predicted that as other nations follow their lead, the potential implication would be at least a DOUBLING in worldwide gold demand.

Wayne



To: Ray Fidler who wrote (1868)12/17/1997 10:45:00 PM
From: Little Joe  Read Replies (1) | Respond to of 4718
 
Ray I certainly agree with your comments and the IWA property should
be reviewed carefully. They are doing explorations in an area with a
strong track record and already have proven reserves over 3oo,ooo
ounces.The properties look great but I am concerned about the
companies cash flow. I do trust the management at Antares to make
the right decision.


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