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Gold/Mining/Energy : Winspear Resources
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To: Rocket Red who wrote (16141)3/20/1999 10:21:00 AM
From: james flannigan  Read Replies (1) of 26850
 
Red, can you give me your opinion on this possible outcome regarding ABZ.I have put all information together and have reached this conclusion, ABZ will be bought out in less than 6 months,why? 1) franco nev bought 9.9% of abz stock, they are well known for buying just before a take over. 2) DeBeers was the last one to arrive on the CN diamond scene and in a short time aquired 35% of rights to sell production of the first producing mine in Canada. 3) BHP has stated publicly its intention to focus on its core mining operations,wich does not include diamonds. 4) It makes no sence to build another billion dollar mine 300m across from DMMs mine, aswould be the case if ABZ BHP decided to go into production.5) now that Debeers has its foot in the DMM mine buying ABZs deposit would lower the cost on both deposits,thereby spinning off more cash for all parties.This is what Franco Nev sees happening I think, what do you think? James
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