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Gold/Mining/Energy : Tenke Mining Corp (TNK) -- Ignore unavailable to you. Want to Upgrade?

To: Gunnar who wrote (299)	12/4/1998 12:30:00 PM
From: Gofer	Read Replies (1) \| Respond to of 486

Gunnar, this may explain the > 3M share distress sale on Tuesday at 27 cents. Someone may have heard (or started) the nationalization rumor earlier this week. I've been waiting for a 25 cent price to buy some stock. But now I think I may wait longer. Could it be that some unscrupulous investors (eg. Zimbabweans, Kabila, etc.) are manipulating the war to drive assets down to bargain prices? Regards, Gofer

To: Gunnar who wrote (299)	12/6/1998 7:06:00 PM
From: Greywolf	Read Replies (1) \| Respond to of 486

Power play, from a government that is all the more looking at it's last days? The talk of nationalization has been around for years. The mining industry is state owned and as such pretty much nationalized anyway. Tenke has long standing contracts and has survived thru this talk before. OK pushed to the wall as Kabila is he might act differently but pretty much everyone in this war are pushed to the wall. Nationalize and all the government has is a lot of stuff in the ground - it takes cash to get it out of there and that part of Africa simply has very little left. That someone sitting on 4,8% of the outstanding shares should sell on yet more of the same talk is hard to belive, yet it can happen. Griffiths traded the 3 million plus lot in house so they must therefore know more than the rest. The volym after this has been pretty normal. Yet Africa is a continent in flux and with Libya wanting to be African there are clearly equations to the Congo, Zimbawe thing that open new roads. With Lundin in Libya and having been there for a long time, through thick and thin mostly thin I would suspect that Tenke has more than a little back room backing from the Libyan connection. The time to buy resource stock's is the time when thing's look most bleak. Greywolf