Replies to post #510 on Moydow Mines fka MOY

[amarksp]

Jackc & Russ... Am I mis-interpreting this deal or are you?

My un-substantiated belief is I will receive NEM shares and no Canadian cash. What leads you to believe that MOY shareholders will receive cash rather than NEM shares?

If in fact MOY shareholders receive NEM shares, then US investor basis in the NEM shares distributed will be around 70% of the money you have invested in MOY. Exact ratio will be determined by the MOY share price post-distribution.

My MOY purchases have ranged from US$.52 to US$.91 with a US$.63 average. Using 70% as ratio, I own NEM at a $20.76 per share basis and my basis in the post-distribution MOY shares will be US$.19. Have held for under 1 year, so have the chance to wait until 2004 to realize LTCG.

All the above is moot, however, if MOY shareholders receive cash rather than NEM stock. Please advise facts on why you believe MOY shareholders will receive cash rather than NEM stock as the distribution. Thanks!