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Re: Digrdoug post# 216

Monday, 11/04/2002 10:54:03 PM

Monday, November 04, 2002 10:54:03 PM

Post# of 8659
If he asks, I will help, but there is no way of knowing other than the obvious connections to TT and RA, if any of the other offshore companies either have anything to do with GE, or even hold any GE stock.

So I see no point in giving him a headache reading SFG filings and sorting it all out.

Just for general interst here's a tidbit that I found a while ago.

St. Francis Mining NL, Annual Report 1999

"Other Officers

Remuneration was earned by entities associated with directors of entities in the Consolidated Entity, who were not directors of the Parent Entity. Entities associated with Dr Terry C Turner earned remuneration from the Consolidated Entity (including amounts due but not paid) consisting of consulting fees of $89,793 and entities associated with Mr Ronald Atwood earned remuneration from the Consolidated Entity (including amounts due but not paid) consisting of consulting fees of $89,793."

That whole deal sounded pretty good for them in the beginning.

It started out as US$1.5 million in cash and US$8.5 million in St Francis shares, but that's not quite how it ended up.

Ended up with Keswick now holding about 3 million shares and 6 million options in SFG, and SSH owning 50% of Chacarilla. SSH owned 40% in the beginning.

SFG have written the Project down from $23 million to $5 million now, are shopping for a buyer, shopping for either a Canadian or US public company to go in with them, and looking at new technology for the processing of copper oxide to produce copper pentahydrate.

SFG.ax last traded Oct 31 at .017.

It's also interesting to note some of the similarities between the history of Chacarilla and Cangalli....the Inca's, past production etc etc.


ps: Hi Ann, glad you made it through the earthquake.

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