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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: Mike Gold who wrote (4804)8/3/1998 3:59:00 PM
From: DR. MEADE  Read Replies (1) | Respond to of 25548
 
ragingbull.com



To: Mike Gold who wrote (4804)8/3/1998 8:07:00 PM
From: EtTuBrute  Respond to of 25548
 
On that same day in another release NEM stated:

Newmont ''underspent'' its capital expenditure budget by $50 million in the first half of this year
and full-year spending is expected to be around $225 million, Chief Financial Officer Wayne
Murdy said.

Capital spending in 1999 is forecast at $180 million, he added. The capital spending figures for
both years include money for the Yanacocha project in Peru, but does not include spending on the
Batu Hijau project in Indonesia, Murdy said.

Hmmmmmmmm Ive got an idea about what they could do with their underspent sums :-) :-) GG



To: Mike Gold who wrote (4804)8/13/1998 12:38:00 PM
From: DR. MEADE  Read Replies (1) | Respond to of 25548
 
Mike K., I cannot help but see the possibility of a connection with your following post and the words of Mike Jameson. *********** To: KMT (4804 )
From: Mike Kovalchick Monday, Aug 3 1998 3:37PM ET
Reply # of 5293
Newmont eyeing acquisition opportunities-July 29

DENVER, July 29 (Reuters) - Newmont Mining Corp continues to look for
acquisition opportunities in this low gold stock price environment,
Chief Executive Officer Ron Cambre said on Wednesday.

''We continue to look at opportunities,'' Cambre said during a
teleconference call to discuss the company's second quarter results.

''We have a group of people who have a full-time task of seeking out
opportunities. We hope they're aggressive enough,'' he said when asked
whether the company was aggressively looking for a merger target or just
prepared to take advantage if a situation arose.

Lower gold prices have put pressure on gold company stocks. Newmont
shares closed at 20-1/16, down 8/16. The company's 52-week high stands
at 45-14/16.

Newmont recently acquired Santa Fe Pacific Gold Corp and speculation has
arisen that the low gold price could spark more mergers in the industry.

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Medinah Energy Inc. (OTC: MDIN)Time: 9:30AMLast Trade
0.140Change
+ 0.010 (+7.69%)Bid
0.130Ask
0.150Volume
04,0000Prev.Close
0.130Open
0.140