Moydow Mines fka MOY

[amarksp]

My speculation remains that a minimum of Can$.80 will be distributed, regardless of the NEM share price. Nonetheless, you are correct, management will be tempted to reduce the distribution given the NEM share price increase above $25.50. Will be interesting to see what happens...

FWIW, my reasoning for the Can$.80 minimum distribution is based upon the June 17, 2002 MOY private placement at Can$.80. Believe these PP investors (via Haywood Securities) will get all their original money back via the distribution..., otherwise they will be much less likely to invest with MOY again... Also, as posted previously, per my understanding via phone call, MOY was thinking on distributing between 60% - 75% soon after the announcement, and I would think 60% would be the minimum... based upon that now dated conversation...