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


To: The Fix who wrote (3553)6/22/1998 12:58:00 AM
From: john  Respond to of 4718
 
Fix here comes all the gold Antares has in the proven category.

globalserve.net



To: The Fix who wrote (3553)6/22/1998 9:18:00 AM
From: Luc Beaugrand  Read Replies (1) | Respond to of 4718
 
Fix I am Against it .....



To: The Fix who wrote (3553)6/22/1998 12:30:00 PM
From: ossie  Read Replies (1) | Respond to of 4718
 
Re options.

No,I don't really have a problem with options as long as it is not abused.We have to remember that Directors receive no other compensation and so they have to have some way of making some money.In a lesser way,employees should benefit too.

I DO have a problem with reductions in exercise prices,and as I said in a previous post,it doesn't look like ANZ is going to put that up for a vote at the Annual Meeting.Any such reduction does have to be approved by shareholders.

Ossie



To: The Fix who wrote (3553)6/23/1998 11:15:00 AM
From: Donald F. DeKold  Read Replies (3) | Respond to of 4718
 
Vote YES on the options!

I've given a lot of thought to the question posed to me by Fixer. To turn down management's opportunity to increase their stake in the company is NOT in the interest of the rank and file small shareholder. I feel management needs to RELOAD their position simply to have the incentive to stay the course with the properties.

Before everyone starts to accuse me of being in anyone's pocket, let me reiterate my fear and belief that Antares is a prime takeover candidate by a Major. By increasing management's stake in the company I feel they are more apt NOT to succumb to any offers in a friendly takeover, but stay the present course.

Evidence of management's ability to change course is certainly there for all to see. I believe they've divested Antares of the interest in the Lady Lina and have/are considering that with respect to Rappa. By not being able to acquire a 50% interest in the latter, they have (possibly) decided to sell it off. (I couch my remarks in tentative terms, since there is no official word yet on Rappa.) If the Creek zone proves to be a winner, then the same specter hangs over the Toodoggone.

Also, by allowing management to own more shares it will prove more difficult for a hostile takeover, simply because a greater percentage of the company is in friendly hands.

I haven't stayed the course with Antares for the last year and a half to see the stock bought out at a $1 a share by the likes of Barrick or Placer Dome.

That's my two cents.

Don

P.S. Incidentally, I don't think we're going to get any news releases until after the AGM in early July. That is simply a corollary to the above issues.