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 : MPVIF Mountain Province Mining -- Ignore unavailable to you. Want to Upgrade?

To: Gabriela Neri who wrote (1085)	7/23/1998 9:08:00 PM
From: wenderson	Read Replies (1) \| Respond to of 2577

Gabriela...If and when your intellect returns to you could you please share with me some input on the following: Conservative estimate of $ value in ground is $4 billion, less half a billion to get the darlings out of the ground, leaves us with a company worth $3.5 billion. If you subtract other interests other than minority shareholders such as Debeers this leaves $1.3 billion. After taxes $700,000.00. Divide that by 45 million fully diluted shares and this leaves a share worth $15.50. Discount time value for waiting on the mine and you are at roughly $13.00 bucks a share. This does not take into account a TSE listing, the fact that $4 billion is a conservative #, and the potential for other pipes and or other deals in the making. So, bearing in mind all this drivel, even taking into account the horrid condition of the markets and all, why on earth are we sitting at 3 measly bucks? Buy now folks...this K-Mart flashing blue light special is almost over! And what is this jiberish on the Winspear thread about MPV gonna double within 5 to 10 days? Talk to me Gabby, what's going on out there??? I can see my banker rolling out the red carpet now! Regards, wenderson

To: Gabriela Neri who wrote (1085)	7/23/1998 10:39:00 PM
From: .Trev	Read Replies (2) \| Respond to of 2577

Gabriela: you don't know what handicapped is, and you are very bright. I've been in this market since 1954 (no typo) and I know less now than I did then. I just simply can't explain any better. You can't provoke me and you can't coax me but there's really no substitute to seeing, and reading it yourself. Our little misunderstanding revolves around me wanting to explain to Yanni that the whizkids that pick for the mutual funds are no smarter than the rest of us and under quite a bit more pressure to perform, and they do buy heavily into speculative stocks. Following Wenderson's thinking in the next post I am constantly reminded that with institutions owning between 30 and 35% of MPV and with Glenmore owning another 40%, and DeBeers another packet (can't remember how much) the rest of us, including management share a relatively small piece. The potential for an explosion would crack your plumbing but trying to figure out how and why and more importantly when is driving me nuts. what you might get from the Rhodes story is that DeBeers didn't just happen, any more than the market just happens somebody makes it happen. first Rhodes, then Oppenheimer, then Oppenheimer #2, and now Oppenheimer #3. When diamonds were first discovered in the US DeBeers managed to have the property declared a national park, and effectively killed any dream of serious exploration or production and this in spite of the fact that they couldn' enter the US because of the monopolistic nature of their operation. And on and on. The are no simple questions, let alone answers. nice talking to you,thanks for your interest. Trev.