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 : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: Lamont who wrote (3310)	5/26/1998 5:27:00 PM
From: bill718	Respond to of 4718

Hi Lamont, my guess is that ANZ is tremendously undervalued at the moment. Indo situation, major selling by a couple of houses lately (likely due to Indonesia turmoil), news vacume, manipulation, low POG, and some bad publicity on this thread (including lies) are some of the reasons I can think of to explain why we are sitting around .30 instead of well over $1, but I think our patience will one day pay off. As to why AGC has been holding, my guess is that the shares are more tightly held (and have been for some time now). Regards, Wayne

To: Lamont who wrote (3310)	5/26/1998 5:33:00 PM
From: ossie	Read Replies (2) \| Respond to of 4718

Pardon my intrusion into your question to Wayne,but your question is very valid. Yes,the operatorship on a property is usually worth a premium.I agree with you that the Ojalali isn't worth much at this point(although some day may well be),Lady lina is a write-off at these gold prices,and Rappa should bring in some cash plus value in other shares(assuming John's theories are correct) I believe you conclusions are correct.ANZ is way undervalued compared to AGC!!! In fact,if you factor in the cash in the bank that each co.has,plus cash which would come into the coffers of each co if as and when options are exercised to reach the fully diluted share issues you quote,then things are even more out of whack!!!By the way,at present option exercise prices I doubt either co would get many exercised,so one should probably more realistically use actual shares issued as opposed to fully diluted #'s This in fact brings up an issue with regard to the upcoming ANZ annual meeting.A proxy statement should be coming to shareholders with the Annual Report and i wouldn't be surprised if ANZ management put forth a proposal to reduce the exercise price on their existing outstanding options to levels close to what the share price is now.I believe that this effort should be resisted should it occur,and it will be up to shareholders to put up a fight via proxy or at the meeting. Something to think about. Ossie