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Hecla Mining Co. Message Board

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  • axzl axzl Aug 15, 2000 6:08 AM Flag

    HL has finally bottomed........

    still another scenario.

    It would appear as
    though there are about 2,250,000 preferred shares
    outstanding. At $50 per share that puts the underlying value
    of the preferred at about $112,500,000. HL sells the
    clay operation for about $125,000,000 and uses the
    proceeds to buy back the preferred stock; Ends up with
    about $12,500,000 cash; And improves the cash flow by
    over $8,000,000 annually through dividend savings. The
    common stock would rise in market value. Everybody wins
    and HL maintains its credibility with all factions
    involved and stays in the PM business.

2.09-0.15(-6.70%)Feb 9 4:01 PMEST