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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: VLAD who wrote (38402)2/26/1999 2:37:00 PM
From: Think4Yourself  Read Replies (1) of 95453
 
I hope you're right, but what if just one project is cancelled (for legitimate reasons OR NOT) or delayed? What if one of the rigs is not completed on time, or something is wrong with it? I keep thinking about the Jack Bates contract cancellation for "non-performance". What if the banks decide the stakes are too high?

There are just too many "what ifs" for me to sleep comfortably at night. Still think they will have to dilute equity.
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