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

To: JD who wrote (2160)	1/8/1998 7:32:00 PM
From: Donald F. DeKold	Read Replies (2) \| Respond to of 4718

Indonesian economic difficulties are actually a positive for Antares. The turmoil in Indonesian financial markets caused by Suharto's defiance of IMF policy mandates has raised concern on this forum. Actually I see these developments as actually being in Antares' best interest. As the Indonesian monetary unit declines relative to the Canadian dollar, Indonesian supplied goods and services purchased by Antares will actually become less expensive for Antares. Quite simply the "burn rate" of Antares resources has slowed down without a dimunition in progress due to these events. You can also bet that Indo government cooperation in this venture will be further enhanced by this nation's need to point to successful foreign enterprises operating in its country. Unrelated to the above remarks, I also noted that gold seemed to probe below the $280 level for the second time since it began its decline. When I checked last after New York's close, it seemed to be recovering nicely after its short-lived dip below $280. Any technicians care to comment on this? Don

To: JD who wrote (2160)	1/8/1998 7:54:00 PM
From: Surething	Read Replies (2) \| Respond to of 4718

Hi JD, My sources in Indonesia tell me that the COWS will be issued in tranches and not all at the same time. Those companies like Antares who have fulfilled their work committments will be at the front of the line. I am also told that it will not be the end of the world if Suharto doesn't stay on. His power base is the military and they are still the dominant force in Indonesia. I think we are witnessing the worst here as markets tend to anticipate events quite accurately. Once the uncertainty over Suharto's successor is cleared up life will go on in Indonesia. Whoever succeeds Suharto will have to be pro-business given the nature of the global economy. Unless some ultra-nationalist succeeds Suharto, foreign companies should be treated as they are now or better. best wishes surething