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Gold/Mining/Energy
SPECIAL SITUATIONS
An SI Board Since February 1999
Posts SubjectMarks Bans
59 3 0
Emcee:  Ciao Type:  Unmoderated
Introduction Compact
This thread is dedicated to special situations such as; company
spinoffs, special dividends, company selloffs, takeovers, etc.

As an example, here is a recent story on South China Industries,
company is selling off main assets and would have about $1.00 /share.
On this news, the company's shares jumped from .13 to .31, however it
is still far from its cash value. Will the cash be given out as a
special dividend?

South China Agrees To Sale Of 80 Percent Interest In Guilin Tire Factory

TORONTO, ONTARIO--South China Industries (Canada) Inc. ("South
China") has agreed to sell its 80 percent interest in the Guilin
Tire Factory to its joint venture partner, Guilin South Rubber
Group Corporation ("GSRGC") for $10 million US ($15.0 million
Can.) plus the cancellation of 11,954,000 multiple voting and
subordinate voting shares of the Company which are to be tendered
by GSRIC for cancellation. After cancellation of such shares,
15,653,817 shares will be outstanding which would put a value of
$0.96 (96 cents) per share on the transaction.

Another example is GSM.TSE, which is the target of a takeover for about $3.80 / share and .05 of a merged company called BRELSH. The
stock is currently just under $3.00.
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59Just read your message. Great minds think alike. That's the exact one I waM. Merriam-3/22/2001
58Mike, this one should pique your interest, CML GLOBAL INVESTMENTS (CNF.T), they Ciao-3/14/2001
57IRD: yes, that looks interesting, doesn't it? Since US government drives rM. Merriam-2/23/2001
56With all the carnage today.........there could be some interesting buys on MondaCiao-2/16/2001
55I've been keeping PAC on my radar.... Haven't bought any yet, though. M. Merriam-2/15/2001
54JP couldn't do much with Noble China. Maybe he can correct himself with TRTCiao-2/12/2001
53JP is now full-time Trinorth which should help focus his direction. Are you stiM. Merriam-2/12/2001
52News release from Trinorth: stockhouse.ca Looks like they'll have to chaseCiao-2/11/2001
51Good to hear something positive. Looking at the NMO forum on stockhouse, I don&Ciao-7/13/2000
50News release from Trinorth: biz.yahoo.com Nice to hear that things are happeniM. Merriam-7/12/2000
49 TecSyn T.TSN - Special Cash Dividend $3.00 per share Canadian Company Press ReGary McCoy-3/24/2000
48 Yes, he certainly surprised me. Headed into right direction with B2B and an ASCiao-3/14/2000
47 Great news with Trinorth!!! biz.yahoo.com Pennal outdid himself. I never expM. Merriam-3/14/2000
46 Mike, any word on when TRT will announce a new business plan. The stock has moCiao-3/9/2000
45 I've been in since the days of South China and can see this one move once tCiao-2/24/2000
44 Well, I gotta tell you. TRT looked pretty safe to me at 55 I had to...David Michaud-2/23/2000
43 Well, I gotta tell you. TRT looked pretty safe to me at 55 I had to...David Michaud-2/23/2000
42 Looks like you're right, nice triangle pattern on chart. Just a matter of dCiao-2/16/2000
41 TRT is considering a variety of proposals which I hear are coming in at the ratM. Merriam-1/20/2000
40 Hello Mike, Have you or anyone else on the thread heard from TRT what secCrane-1/19/2000
39 TRT takes nice spike today. Any idea why? Perhaps Pennal is closer to a transM. Merriam-1/19/2000
38 MARKHAM, ON, Nov. 29 /CNW/ - T S Telecom Ltd. is pleased to report its financiaCiao-1/16/2000
37 Looks good to me, it appears they got the payment 4 days ahead of schedule whicCiao-1/11/2000
36 TRT: Latest China Payment Received stockhouse.com That makes about .50/sh boM. Merriam-1/11/2000
35 Gary, I obtained that book value figure from a recent release: fin-info.com M. Merriam-12/30/1999
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