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Gold/Mining/Energy : Solv Ex (SOLVD) -- Ignore unavailable to you. Want to Upgrade?

To: norwalk hawk who wrote (5540)	4/5/1998 3:05:00 PM
From: Annie	Respond to of 6735

thanks Mike. I'll call Monday and order my own copy!

To: norwalk hawk who wrote (5540)	4/5/1998 7:32:00 PM
From: Sid Turtlman	Read Replies (1) \| Respond to of 6735

Mike: "Solvex is planning on building a $27 million mineral plant to extract the paper substitute." I remember some time ago there was talk of SOLVQ producing titanium dioxide, which it would sell to the paper companies. Is that what this refers to? The number $27 million seems surprising, because I believe that TiO2 plants are very expensive, like several hundred million plus for each, which is why there are either none, or just about none, of them going up in the world at the moment. And that assumes that they are operating on TiO2 rich ores like rutile, synthetic rutile, or even ilmenite. I would think the raw material in Canada is much lower grade, which would require even more equipment to process. But maybe this "paper substitute" that you are referring to is something other than TiO2?

To: norwalk hawk who wrote (5540)	4/6/1998 12:47:00 PM
From: WTMHouston	Read Replies (2) \| Respond to of 6735

<<Solvex will call in our shares and reissue new shares. We will get 1 warrant for every 3 shares we own to purchase another share at $10 in the next 1 or 2 years (am not sure which).>> Are the "new" shares issued 1 for 1 for the old shares or do the existing shareholders only get the warrant??? Any mention of anyone pumping in any cash???? If the current shareholders only get the warrant, it doesn't seem very good. My guess is that there has to something more than just the warrant swap. Otherwise, there would be no outstanding stock, only warrants, unless someone else is pumping in cash for new stock. Troy