TSE SHORT POSITIONS (June 29, 1998)
Short positions outstanding at June 15, 1998Larger individual positions include: Abacan Resource 363,104, up 88,485; Abitibi-Consolidated 959,027, up 591,100; Ashton Mining of Canada 117,746; Asia Pac…
News
Indonesia sells stakes in companies for cash
American brokerage houses Lehman Brothers and Goldman Sachs have reached an agreement with the new government of Indonesia to assist in the partial privatization of 12 state-controlled companies.The g…
Golden Star boosts Guyanor
Golden Star Resources (GSR-X) has agreed to accept shares from Guyanor Ressources (GRL.B-T) as repayment of debt.The transaction increases to 71% Golden Star’s stake in the French exploration company….
DIAMOND PAGE — Trivalence boosts production
With its new 14-ft. commercial pan plant up and running, Trivalence Mining (TMI-V) continues to crank out diamonds at its 85%-owned Aredor alluvial operation in Guinea, West Africa.For the month of Ma…
DIAMOND PAGE — Partners await valuations from AK
A mini-bulk drill sample collected this past winter from the 5034 kimberlite pipe on the AK property in the Northwest Territories has returned results consistent with previous work.Monopros, a subsidi…
Grayd advances Alaskan properties
Slumping metals prices and weak equity markets have not deterred Grayd Resources (GYD-V) from pursuing its impressive portfolio of properties in the Bonnifield and Delta districts of Alaska.”We’ve bee…
NEWS ROUNDUP — Financing benefits Velardena
In a move aimed at accelerating production from the Velardena gold-silver mine in Durango state, Mexico, a group of investors represented by Global Equities has acquired a block of ECU Gold Mining (EC…
BASE METALS — Rio Algom forges ahead in copper quest
Once known principally for its production of uranium, Rio Algom (ROM-T) is steadily earning a reputation as a major producer of copper.Last year, while addressing shareholders at the company’s annual …
BASE METALS — Breakwater resurrects Tunisian mine
After a startup period of less than a month, the Bougrine mine in Tunisia, has begun cranking out zinc and lead at commercial levels.The mine’s owner, Breakwater Resources (BWR-T), reports that mill t…
BASE METALS — Raudin pegs copper resource
Raudin Exploration (RAU-M) has unveiled its first resource estimate for its Vondenbleu copper-silver property in the Mont-Alexandre area of Quebec’s Gasp Peninsula.Based on a 7,800-metre program comp…
FACTS ‘N’ FIGURES — Gold loses lustre in SE Asia
The economic and currency crisis that has gripped Southeast Asia has had a significant adverse impact on gold demand in the region. Consumers purchases of gold in Thailand, Indonesia, Singapore, Malay…
Crystallex shareholders cry over end of legal battle
The shorts laughed all the way to the bank and the longs cried over their losses.So sums up the range of emotions felt by fans and critics of Crystallex International (KRY-T) after a Venezuelan court …