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Gold/Mining/Energy : Canabrava Diamond
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To: Diamond Daze who wrote (1121)4/15/1999 12:38:00 PM
From: m.philli  Read Replies (1) of 2402
 
Morning DD, Can you clarify this for me, if I haven't got it right.
The cross yesterday was the CNB/SWG deal. Swg stated they intend to sell 3mm of their CNB shares. They did not stipulate to who, when, or at what price. Is that correct?
The money raised from the CNB/SWG will give CNB enough cash for the purchase of another 50 cubic metres/hr of processing plant.(if that is there intentional use). Looking at the CNB/PVF figures that would equate to another 10 carats/hour.
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