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Gold/Mining/Energy : Int'l Pursuit (T.IPJ) -- Ignore unavailable to you. Want to Upgrade?

To: Mikey who wrote (672)	3/30/1998 12:01:00 PM
From: Abner Hosmer	Respond to of 835

Hi Mikey - Think you meant to say 2.50 on the cross. Looks like standard pushed the price down in 4 straight trades to make the cross fist thing this morning. Can't help thinking that this recent gravitation to 2.50 is due to the warrants. Couldn't someone have bought the warrants at 2.50, short the stock, and basically be holding a call at 4.00 for free? regards - Tom

To: Mikey who wrote (672)	3/30/1998 12:13:00 PM
From: Ron Everest	Read Replies (1) \| Respond to of 835

Mike, Bonds move in opposite direction of interest rates. The time to buy them is when rates are peaking. For the little guy the smaller bond moves don/t add up to much. I play them only when I perceive a peak and then hold for yield or sell for capital gain. It would appear that as you postulate if interest rates go up then bond yields go down. Presumably if there was inflation driving the interest rates up then my understanding is that AU goes up. That was the way it was, but is that the way it will be next time around? probably..... I wasn't paying attention to this in the 80's. IPJ seems to have bottomed at the 2.55-2.60 range. The 300,000 cross was by Standard at C$2.50. Best regards, Ron E

To: Mikey who wrote (672)	4/8/1998 4:38:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 835

Mikey - Another lesson learned. Missed an opportunity. Let's hope that there is support at 1.80. Spoke with the company today. The Minoro deal is still on track for the end of the month. We may get a release as early as next week to update progress on Mahakem. regards - Tom

To: Mikey who wrote (672)	4/20/1998 7:40:00 PM
From: Ron Everest	Read Replies (1) \| Respond to of 835

Mike, Read in the Saturday Financial Post that three copper mines and lead smelting operations were suspended by Gold Fields Namibia Ltd. in Namibia due to falling CU prices. It would seem that CU at US 80 cents cannot sustain a good number of mines and could well be considered a support level in today's environment. Falconbridge also pulled out of a project in Zambia. This is not negative to the Minoro deal IMO as they have costs projected at US 40 cents for the first 4 years and with all costs in US 56 cents. The payback period is stated as 10 months in the Feb 12 98 scoping study release......10 month pb is outstanding. This bodes well for the Apr 30th Minoro close date IMO. Best Regards, Ron E