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Gold/Mining/Energy : Steppe Gold (SPE:V) -- Ignore unavailable to you. Want to Upgrade?


To: Robert Dydo who wrote (940)6/9/1998 5:49:00 PM
From: marcos  Respond to of 1248
 
Big dilution, sure, but it's a lot better than not getting the money.
I doubt that anz would be throwing cash around carelessly in this time of difficult financing, so it's a sign of confidence for sure, imho. Somebody at Wolverton liked it enough to pick up 9,000 at .19, anyway. Not a million-share day, exactly, but at least somebody reacted. I might have if I'd noticed, and might tomorrow.

Moot/Reality Check was pretty right-on, though, I agree .... cheers .... marcos



To: Robert Dydo who wrote (940)6/9/1998 7:02:00 PM
From: Francis Scavo  Read Replies (1) | Respond to of 1248
 
Robert
The NR stated the funds were to be used to INITIATE DD by Standard Bank for the loan. This does not look to good for John, because he said that they were in the process of getting it. Wish John would clear this up. What do you think?
Francis



To: Robert Dydo who wrote (940)6/9/1998 7:36:00 PM
From: CIMA  Read Replies (2) | Respond to of 1248
 
Message 4792003



To: Robert Dydo who wrote (940)6/9/1998 7:58:00 PM
From: Hugh M.  Respond to of 1248
 
Robert, the good news is that SPE will have the money to further develop the property. We both know what happens to companies when they run out of cash; work stops. The bad news is the dilution of course, and some of the contrary opinions about what has, and hasn't been done as far as DD. It would be good of John to clarify some of these issues. To keep the project alive, he had to make a deal.

Hugh