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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: Ed Pakstas who wrote (6380)7/30/1998
From: Sam  Respond to of 11676
 
Last night on the cbc news a rep, from Inco said they are planning the new mill at Argentia ,but the nickel price is so poor they want to wait for a recovery ,BTW when Inco stuck their necks out to buy VB THE nickel price was around 9 bucks ,Ibeleive now it is somewere around three bucks per lb , that is more than 50% drop
sam



To: Ed Pakstas who wrote (6380)7/30/1998 2:11:00 AM
From: b a mitchell  Respond to of 11676
 
GOOD MORNING ED, MM, JOHN L, THE CHIEF,1 KING and MRS KALABASH where ever you are
(1) Don,t mention the NDP guverment and money or compensation in the same breath . They call themselves the party for the poor and I swear they think they can win the next election by bankrupting the province,driving away business thus creating more poor people who will then vote for the NDP.This has a perverted kind of logic that makes perfect sence to them.NDP=National Dept Party.Oh sorry guys B.C.s having a recestion right now and my paycheck keeps getting smaller thanks to these idiots.I'll go kick my cat and get back on track.
(2) Isn't Vancouver at a 15 year low?
(3) Ed when does the summer doldrums end and silly season begin?
(4) 1KING What INCO is doing makes good sence to me,if they make a fuss long enough the goverment will come across with cash eventialy. Matter of fact a native Indian made much the same comment on the CBC yesterday reguarding some kind of land deal. Its a pain in the ass for us Donner players but the tactects are tryed and true. Any opinions as to their tactics.
(5)MM are these long term companies? ELD, PVO, AAS, MLSM ,MSR ,YRI, and Jordex
(6)Modern myth or fact? There is this rumor rolling around that has got a few animal rights types upset but they are trying to keep a lid on it so that this doesn't happen elsewhere. Seems that a couple of poor"imigrants" were very hard up for cash and while looking for work in the paper stumbled apon what is a delacasy in their homeland so they took the idea to their local bank and yes they managed to get a loan.they then rented a refridgerated cargo container and have been running a roaring busness shipping dogs and cats back to their homeland . Gotta admire the business sence of some people. Poodle patie'anyone?
crappy spelling in the above message but I'm working on it... might capitalize my initials one day..



To: Ed Pakstas who wrote (6380)7/30/1998 2:24:00 AM
From: Elizabeth Andrews  Read Replies (1) | Respond to of 11676
 
Eddie, you are not displaying any of the savvy that a person who says he was born in a commie country. You should know what graft is? Let me take you through the legal argument one more time. If you don't get it this time, well I'm not sure what the prescription may be.

1) The government owns all the resources on behalf of the people. Sound familiar so far?
2)Companies are allowed to spend money on developing resources but never have an (fee simple) interest in the resource. In some cases the gov't will sell the surface rights to the minco who claims the deposit but that's all they get. Access.
3)The gov't permits companies to extract the resource and pay a fee for so doing to the Crown. Still with me, Ed? The
4)Nfld wrinkle is that they are going to have a surplus of power and they already have, due to their socialist policies (read Liberal), a surplus of labor. A smelter complex partially solves that and if Tobin can pull it off, votes for him. This could be called blackmailing and extortion by milder people than me. The shareholders of Inco are being extorted. (read ??????politics) (you put your word in here)

The tax grants are the short term hook for the long term power contract. If the smelter is built it will be the most strike ridden and most inefficient operation just like the ones in the countries emerging from the iron curtain. The borders go but the mentality sticks. Such is Canada or at least Nfld.

And yes, in law, Inco's financial interest is in the ownership of another company and it means dick with respect to the ownership or ownership rights to the nickle in the ground.

I'll say it one more time. If Inco had the legal right to mine the deposit without a gov't permit they would be mining it today. THe deposit makes Inco the lowest cost producer of nickle in the world. The gov't will give Inco the permit if it commits to a long term power and labor agreement. Ed, do you get it?

I'll buy the round but you owe it to yourself to understand the issues here. As a former person from a country with these policies you must not confuse Liberal with the right thing to do.