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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (500)	3/3/1998 4:03:00 PM
From: Porter Davis	Read Replies (1) \| Respond to of 3558

>>...what an installment receipt is My memory's a little fuzzy about the exact prices, but here's how it works: when Munk decided to unload his Trizec holdings in ABX, the offering was priced at $28.40 CDN. As a sweetener, buyers only had to put up $14.20 in cash and were given a receipt which enabled them to put up the other half in one year and receive 100 ABX. In essence they are warrants (although we would call them deep-in-the-money options). Good to hear from you, ole 49r. Happy trading. Porter