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Gold/Mining/Energy : Golden Hemlock(GHE) -- Ignore unavailable to you. Want to Upgrade?

To: Philip Choy who wrote (778)	5/22/1998 4:40:00 PM
From: Robert Dydo	Read Replies (1) \| Respond to of 909

Consolidation looks as very high possibility. I think people are trying to average, accumulate at one end, others are making a late departure with heavy losses. It is a late call and selling with my average right now is out of the question too. Consolidation will be not done for just a sake of it. I can see a private placement in works, possible with the higher price and more attractive to participants, after consolidation but pp itself will be the trigger. I still think there is someone looking at GHE right now as at takeover target. My reasoning comes from market capitalization (assume 30M shares) of $3M. Their exploration efforts account for almost that. There is a price tag on property which exceeds $3M and the drilling to date shows in same cases very attractive above the average grades. If we put money spent the sum of $6 to $8m is more likely the value. There is bunch of companies which have low number of shares and trade at 0.50's. 5 to 1 gives us 6M shares of new company on the top of old shares. If there is a few million in the cash account, they are set. Just a thought. While I was writing this I have wondered of to SHF thread. They are consolidating. Message 4552591 Those guys are very close to GHE, as I heard from P. Hill ( Mr.Atkinson was on board of both companies). Check the Rondal (RGD-V) used to be Prior (Ron-ald Tammekand and Dal-ton Dupasquier both directors of GHE) are part of this company. Rondal is a result of consolidation too. They have a property in Zacatecas(Mexico)close to Western Copper and Teck. Just recently ex-head of exploration for Teck became a member of Rondal's board. Their shares are maybe under 5M oustanding and Minera Finistere is run by R. Tammekand too, so anything is possible. Regards Robert