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Gold/Mining/Energy : Westmin Resources(T.WMI) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Cruise who wrote (59)	1/17/1998 5:42:00 PM
From: Bill Jackson	Respond to of 63

Timothy. He held the shares offshore in the first place, as he bought them for under 20 cents. He took possession of the certs in street form and sent them offshore where he sold them fairly high, but not at the peak and put that money into other stuff still offshore.He can go away for an entire year, and then return after having acquired a capital asset(the securities he bought with the sale of the BRE-X stock). However he stayed away, and it is now well over a year and a half.So whatever he gets is tax free. To be safe he is keeping it offshore and not saying a thing. It is like working in Saudi Arabia for a year. That money earned there is tax free. You must not keep a Canadian residence, or they can get you. However he had good advisers and I am assured he is scott free. His brokerage account never had a reportable cash profit, and so will not make a TX? income reporting slip. I wish it were me, don't we all. I did not follow the Boliden offer, but their stock is up, perhaps someone will eat Boliden?? Bill

To: Tim Cruise who wrote (59)	1/19/1998 11:47:00 PM
From: Randyfb	Read Replies (1) \| Respond to of 63

Tim, Boliden is offering $5.40 per share cash OR $5.40Cdn worth of Boliden shares based on the average Boliden share price for a 10 day period to the day they take up Westmin shares (actually a little more complex but this is the jist of it). They want 66 2/3% of the shares tendered. Actually, I'm now considering tendering my WMI shares for Boliden shares since the Boliden shares have dropped a lot lately. I think Boliden might not be such a bad stock to own. Westmin shares will probably drop to the 4 dollar range if the deal falls through. Regards, Randy.