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To: reg who wrote (972)1/28/1999 7:08:00 AM
From: Bob Fairchild  Respond to of 2006
 
You can bet if Franco Nevada was buying in at $10.00 a share, they felt it was an undervalued assest and that in the medium term they will be rewarded. Remember that $12.50 was the low for 1997. We are now closer to production, have an increased Diavik reserve calculation, and Winspear is more than a hope and a dream. If it goes back to $8.00 I will buy more.



To: reg who wrote (972)1/28/1999 7:11:00 AM
From: Bob Fairchild  Respond to of 2006
 
Reg, when it moved from $7.00 to $12.40 that was a 77% move. I know that it took all of 6 weeks to do and a lot of those internet stocks are able to do this in one day of trading, but you had to expect some kind of a pullback. I think the market figured that FN was aiming for a complete takeover and 10% was a disappointment. Not to me however.


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