SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG -- Ignore unavailable to you. Want to Upgrade?


To: geoffreycs who wrote (356)5/22/1999 12:07:00 AM
From: Travbfree  Respond to of 539
 
Bursting with things to say I'm not to sure where to start... I'd like to mention quickly that if flying with West Jet is an option in your area, I highly recommend them. Where else can one hear "Thank you for flying Westjet... if anyone is caught smoking we will ask you to leave the plane immediately... if any one is caught smoking we will assume you are on fire and treat you accordingly, for those of you who will be departing for... follow the ramp up to the smiling attendant and she will very happily tell you where to go... for those of you who where not paying attention to the instructions the first time, listen up we're going to do it once more for you in french..." and so went the flight. Quite a departure from 'cattle liner' in the sky companies. (no pun intended)



To: geoffreycs who wrote (356)5/22/1999 12:58:00 AM
From: Travbfree  Read Replies (1) | Respond to of 539
 
Here is the current story as best as I can see it with Samex, mostly gleaned from the annual shareholder meeting yesterday.

Comibol is a state run company in Bolivia, currently being privatized similar to government run companies in Alberta. Samex management is somewhat inclined to suspect that Comibol management is grasping for properties it may still own so as to justify being in existence. The 'legal claim' they bring against Samex would be not be considered in a Canadian court... While I have little knowledge of the Bolivian legal system, I did note that they badly misspelt Eskapa, and 'forgot' to sign their 'demands'.

Samex has not stopped working the property in light of this and by foresight had a prepared defense ready. May be worth noting that the man largely responsible for the writing of the current Bolivian mining code also happens to be Samex's in house lawyer in Bolivia.

This leads me to a more important note that really stood out in the annual meeting...