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Gold/Mining/Energy : ABC - Abacan Resources, Nigerian Oil $$$ -- Ignore unavailable to you. Want to Upgrade?


To: Sam Lee who wrote (2600)3/17/1999 10:32:00 PM
From: Razorbak  Read Replies (1) | Respond to of 3156
 
<<And Foxy has been quiet. Oh well, silence is a virtue except b/t the sheets.>>

Perhaps she is doing further analysis?

Razor



To: Sam Lee who wrote (2600)3/18/1999 1:18:00 AM
From: FoxyLoxy  Read Replies (4) | Respond to of 3156
 
Mr. Lee:

I do not think you should be quite so cocky; even if a deal came in at $1.25 US I doubt that you would even break-even, even. Exit, stage right.

No tears for me, I covered my position and made a profit a long time ago.

Let us see.....
Cdn $1.25 x 125 million shares = C$156 million or $100 million. Nah, you can buy concessions cheaper than that in this market. Producing ones at that, with real reserves (the SEC kind, not the promotor kind). This does not sound like a reasonable rumor. Maybe it is just some shark feeding on Mullets, again.

More likely C$1.25 per share post roll-back!
Cdn $1.25 x 15 million shares = C$19 million or $13 million. Should only pay for a portion of the Total loan.

Anyway, good night sweet dreams. Sugar plums.....

FoxyLoxy