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Gold/Mining/Energy : MIRAMAR MINING (MNG) -- Ignore unavailable to you. Want to Upgrade?

To: Yo Yo who wrote (240)	6/24/1998 1:07:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 457

I have not seen anything--and that is probably the reason the stock has been particularly weak of late (?), anybody on the thread have any guesses as to how much it would cost to put the thing to rest for a couple years? Also, if they don't mine enough gold to take advantage of their hedge, I assume they would just sell their options, yes? With cash in hand I would say that Miramar would do well to shut Con down and move on to properties which are cheaper, and potentially more profitable, focus on the copper maybe. I will have to re-read the annual report to see if my thoughts are even on the map. At this stage being in this feels a lot like gambling, but I believe they have something on the order of 100M cash, with 60M shares, even if with charges and maybe some unexpected losses, taking that 100M down to say 60M still gives you a buck a share, I think the risk is that management does nothing--but any action to stem the tide and this thing ought to pop back up 1/2 or so, just on any news. (Just a lot of guessing, I'm certainly the least informed on this thread, having only a couple of reports and edgar to rely on...and I havn't even been looking at edgar lately--I have a new PC and I really need to get my old bookmarks copied over here.)