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Gold/Mining/Energy : CORNUCOPIA RESOURCES CNP.t -- Ignore unavailable to you. Want to Upgrade?

To: Debt Free who wrote (168)5/6/1998 10:18:00 PM
From: Lhn5  Read Replies (1) | Respond to of 336
 
Do you own this stock?

The article says the bank will enforce Cornucopia's guarantee--don't you think that means the whole co is at risk?

How much business is Mineral Ridge? Isn't it the only mine that is recently in production? The only clearly worthwhile asset I know of is the 25% interest in the Carlin trend property, which could be worth much more than Mineral Ridge, but I have no idea how much, guess that is why the co is negotiating a sale (or rescue?).



To: Debt Free who wrote (168)5/6/1998 11:44:00 PM
From: mike h  Respond to of 336
 
Doug as near as I understand it the interest in Carlin Resources and
the Ivanhoe property are all pledged as collateral for mineral ridge.
I believe their hedged gold production is also. I suspect that Great
Basin is the only potential suitor and they may well prefer to buy it
from the bank.

Best of luck
MikeH


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