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 : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?

To: david james who wrote (2528)	6/10/1998 8:56:00 AM
From: Nero	Respond to of 2841

Sweet deal for Pictou, particularly: The province will forgive $1 million of the purchase price, based on MM Industra's investment. The company will also have the ability to receive additional credits based on full-time jobs created. I assume all this is in Canadian dollars. Also, the release refers to American Eco of Houston -- we are still Canadian, ay? Wonderful to see things falling into place.

To: david james who wrote (2528)	6/10/1998 1:43:00 PM
From: JimieA	Read Replies (2) \| Respond to of 2841

David; I am somewhat confused about the differing press releases from American Eco and Dominion Bridge. While American Eco press release seems to indicate that Eco has a 51% participation in the contract. Dominion Bridge's press release indicates that the contract is theirs and American Eco helping provide bonding. And nothing more! Someone is putting a lot of spin on this contract for their benefit. I assume this is Dominion Bridge. Pieces of the two press releases. Dominion Bridge: Dominion Bridge Starts Construction of $234.0 Million of Semi-Submersibles Davie Industries, subsidiary of Dominion Bridge Corporation, has received in escrow a mobilization payment of Cdn$23.0 million against the start of construction of a Cdn$234.0 million contract for two Amethyst semi-submersible oil rig platforms. London Guarantee with the support of American Eco Corporation of Toronto, has placed Cdn$90.0 million of Performance Bonds for Davie Industries American Eco: American Eco Joint Venture Receives Record Fabrication Contract of $162 Million American Eco has received the largest fabrication order in its history -- a US$162.0 million (Cdn $234.0 million) contract for its 51 percent joint venture with the Davie Industries This is a perfect joint venture effort, in which both American Eco and Dominion Bridge realize efficient utilization of their Canadian based facilities regards

To: david james who wrote (2528)	6/10/1998 8:09:00 PM
From: Eric O.	Read Replies (2) \| Respond to of 2841

David: IMHO, it seems that Eco will not get any more free rides without demonstrating that it has control of its margins and gets out of the lending business. The margin issues will be demonstrated one way or the other in the next few quarters. Unfortunately, the $.15 to $.18 figure that we are hearing for the 2Q is less than last year's $.30 fully taxed. Do you remember if we got a boost in the 2Q of 97 from that law suit? If so, do you remember what the numbers would have been without the law suit? Possibly $.15 to $.18 is not so bad if a large part of the $.30 was from a one time gain. Any new information on the EIFH and the MART loans? When are they due? I apologize in advance if this old information. Thanks! Eric