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Gold/Mining/Energy : Inco-Voisey Bay Nickel [ T.N.V] -- Ignore unavailable to you. Want to Upgrade?

To: Lorne Larson who wrote (504)	10/16/1998 5:15:00 PM
From: teevee	Read Replies (1) \| Respond to of 1615

Hi, My guess is that it was the Robertson Stephenson group. Given their connections to the Inco boardroom through Boule and Friedland, I have to interpret this as meaning that Inco will be leaving Voiseys Bay on the shelf for perhaps decades. Why tie up capital for that length of time. Perhaps I should renew a short position again. teevee

To: Lorne Larson who wrote (504)	10/23/1998 1:29:00 AM
From: Steve Horwitz	Read Replies (1) \| Respond to of 1615

There's good reason to believe it was Robertson Stephens. First, under the Contrarian Fund's new guidelines, the fund can hold no more than 5% of its assets in any one stock. At one time, RSCOX had more than 14% in NVB, so if the fund has put these new guide lines to work, Robertson Stephens is the likely candidate. Second, in an article in last week's Wall Street Journal, Borden Putnam, the RS geologist who has been a bull for NVB, sounded very dour about the prospects for Voisey Bay. Nonetheless, RS still retains a hunk of NVB--but it's been a disaster for one of the worst performing mutual funds in the U.S.