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Gold/Mining/Energy : Repap (RPAPF) -- Ignore unavailable to you. Want to Upgrade?

To: Yo Yo who wrote (186)	7/20/1998 7:27:00 PM
From: The Osprey	Read Replies (1) \| Respond to of 485

Hi all, Just a little info I garnered while on vacation.Spoke with an employee from Bowater Mersey Paper Company in Liverpool and we discussed the Avenor takeover and Repap and the fact that although Repap has some debt to contend with that they are very modern with their three machines and are reducing their debt slowly and he is buying repap on a regular basis. One thing we did discuss was the exchange rate as Bowater at one time was either 41 or 51% owned by the Washington Post and most of their paper was shipped there.They still do ship there and are making a good dollar on the exchange rate but this mill is really increasing it's sales to Europe.A friend of mine who works in the shipping facility was over earlier to accompany a load of shipped paper to ensure proper handling or "quality control" in shipping if you will. Just a little info. I once owned Repap and sold it but will be looking at buying back in at my price soon.Good luck all. Oh yes, one other thing. My friend who was at the cottage also said that we felt with the market niche Repap has developed with coated paper that once debt is reduced he felt would be a prime takeover target. For what it is worth, Osprey

To: Yo Yo who wrote (186)	7/21/1998 9:03:00 AM
From: Dennis Latchum	Read Replies (1) \| Respond to of 485

From a Bowater press release... pulp and paper prices "During the quarter, prices for newsprint and coated paper were higher than in the second quarter of last year and up slightly from the first quarter of 1998." "Pulp prices recovered from the low first quarter levels, and were about the same as the second quarter of last year. Demand for Bowater's paper and pulp products remained strong during the second quarter, despite the continued economic weakness in Asia." So we have strong demand, firm paper prices, high production and a falling stock price? AS ALWAYS either someone knows something or someone doesn't know something..... Scratch