Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : TRINITY GAS CORP. [TRGC] -- Ignore unavailable to you. Want to Upgrade?

To: Frank Brisebois who wrote (749)	4/18/1998 6:31:00 PM
From: sedahS	Read Replies (1) \| Respond to of 1081

Hi Frank, The message says nothing about TRGC. All it talks about is Tea. I sent Flash this message for translation.I was using Info Search <<searching - Trinity Gas Corp.>> and this link was the first one to come up. Since I do not understand Spanish I sent this to Flash to see if he could translate it. Later a friend of mine guided me to a translation site. This is what the message says. Take Care! Sorry for the confusion. sedahS:-) Saturday 18 of April of 1998 More TEAS In yesterday's ordinary meeting the Bank of the Republic determined to give bigger liquidity to the financial system by means of a second auction for the purchase of holding of treasury TEAS in the secondary market. "The incoming week there will be an auction of TEAS like last time and we are committed with giving to the Colombian economy the necessary liquidity", the minister of Treasury, Antonio Jos‚ Urdinola sustained. In the first auction of secondary TEAS the Originator injected 29.900 million pesos to the economy, to a rate something superior to 30 effective percent yearly. In this occasion it is expected that the figure is same or even a little superior. Urdinola had manifested the Originator three weeks ago he/she would buy secondary TEAS emitted in 1997 to two three years of term, 80.000 million pesos in each one of the months of April, May and possibly June. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Original message: ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ S bado 18 de abril de 1998 M s TES En la reuni¢n ordinaria de ayer el Banco de la Rep£blica determin¢ suministrarle mayor liquidez al sistema financiero mediante una segunda subasta para la compra de t¡tulos de tesorer¡a TES en el mercado secundario. "La semana entrante habr una subasta de TES como la vez pasada y estamos comprometidos con darle a la econom¡a colombiana la liquidez necesaria", sostuvo el ministro de Hacienda, Antonio Jos‚ Urdinola. En la primera subasta de TES secundarios el Emisor inyect¢ 29.900 millones de pesos a la econom¡a, a una tasa algo superior a 30 por ciento efectivo anual. En esta ocasi¢n se espera que la cifra sea igual o incluso un poco superior. Urdinola hab¡a manifestado hace tres semanas que el Emisor comprar¡a TES secundarios emitidos en 1997 a dos y tres a¤os de plazo, 80.000 millones de pesos en cada uno de los meses de abril, mayo y posiblemente junio.