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Gold/Mining/Energy : Sino-Forest (TSE: TRE.A) A STOCK FOR THE FUTURE!! -- Ignore unavailable to you. Want to Upgrade?

To: RBMac who wrote (123)	1/26/1999 10:58:00 PM
From: Robert Raymond	Read Replies (1) \| Respond to of 265

To all: Concerning the issue of devaluation, here's a response from the company to an inquiry on this thread made last August (#54) Here is the response I received from Sino-Forest concerning my question about the possible devaluation of the Chinese Yuan. Subject: On devaluation Date: Thu, 13 Aug 1998 12:32:51 +0800 From: "Kit Yau" <kit-yau@sinoforest.com> Reply-To: kit-yau@sinoforest.com, kityau@rocketmail.com 1. Devaluation is most unlikely. 2. Even if it occurs, we would gain from even lower costs from an already low cost-base whereas the selling price for wood chips would be relatively more stable and less sensitive to devaluation as wood chips is an internationally traded commodity. In other words, our profit margin would even be higher. 3. One more remark, in case you feel interested, our investments in China are invested and booked in U.S. dollars. Thanks for your interest in us. Regards, Kit Yau Personal Assistant to Chairman