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Gold/Mining/Energy : Highwood Res. Ltd (T.HWD, HIWDF) -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (63)	12/16/1998 10:50:00 AM
From: kidl	Read Replies (1) \| Respond to of 147

Last paragraph from RYO's 9 months results published today: Gold and copper prices remain at depressed levels and limit the company's ability to meet financial obligations beyond the end of this year. The Company is working with its financial advisors to refinance the $120-million (U.S.) of short-term senior secured debentures with a long-term conventional project finance facility at a significantly lower interest rate and expects to complete the transaction early in the New Year. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com I think we'll see a deal rather sooner than later