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Gold/Mining/Energy : ABER RESOURCES

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To: .Trev who wrote (1074)	3/18/1999 2:43:00 PM
From: teevee	Read Replies (1) of 2006

trev, <<<Meantime this Globe article confirms for the first time that the payment of funds deadline was in fact missed, so that is a new piece of info in the public domain.>>>> Given my industry experience in these matters, If, there is a "time is of the essence" clause in the JV agreement, then, ABZ will be diluted...there is lots of legal precedence for WSP to refuse ABZ's late payment. In this case, ABZ is toast.....I hope the directors and management of ABZ have lots of liability insurance, cause they are going to need it, big time (this insurance claim could be huge--ie. over US$1 billion bucks). ------ Previous

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