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 : Tenke Mining Corp (TNK) -- Ignore unavailable to you. Want to Upgrade?

To: Gunnar who wrote (178)	7/2/1998 6:14:00 AM
From: Gunnar	Read Replies (2) \| Respond to of 486

In todays issue of "Dagens Industri" Mr Wright, CEO of Tenke Mining, says that it will be visible "at the end of July" witch of the invited companies who is to become partners in the project. Anglo and Phelps Dodge have both shown big interest according to the article. HSBC James Capel states in the same article that the share price is under pressure now but will be worth app. 5 CAD "when a major comes into the picture" When the next payment of USD 50 000 000, within three month after the feasibility study is ready, next payment will be one year later. This payment is of course part of the deal we will have in a few weeks. Will Gecamine remain at 45 % after a deal? If I was in the same situation as Lundin I would seek a solution where Boliden - Storliden, the new high graded zinc and copper deposit under way in Sweden - Etoile concession were part of a big deal with several actors involved. Then Lundin could get back some of the value that were lost on dilution on the Tenke project when SCQ rose to the sky selling Storliden - or NAN - to Boliden at the same time as Boliden and Lundin became partners in Etoil and/or Tenke. Has Storliden been known for a to short time for that solution? Regards, Gunnar