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Gold/Mining/Energy : Paramount Ventures & Finance -- Ignore unavailable to you. Want to Upgrade?


To: Flea who wrote (3074)8/23/1999 6:12:00 PM
From: 1st.mate  Respond to of 4884
 
Significant progress has been made over the past three months, and the Project is now close to achieving its first diamond
production. Paramount has fulfilled its obligation to spend the
first US$1 million of expenditures, and has vested a 50 percent
interest in the Joint Venture. Operations are now being funded on
a 50:50 basis.


Something new here, PVF has their cash spent and we are at a 50/50 deal!!!!

I cannot understand why they would word it like this when the company has been saying production with this equipment has been ongoing for several weeks!!! !!!But if you notice here
"An initial period of trial mining has commenced under a
provisional mining license using the diver-operated tractor units.
"

Now they are indicating that they are mining with the Machine(s)...You notice the "s"...The two rovers are working and producing!!!That is 2 6" lines sucking up the diamonds.... Here is the 6" pumps!!!!
<<<<<In addition, two tractor units equipped with six inch pumps
and customized compressors to facilitate diver-operated underwater mining in the active river channel have been commissioned.>>>>>

VROOMMMMM VRROOMMMMM....Can you hear them pumps sucking up them diamonds!!!!

So production has started!!!!!YYYEEEEHHHHAAAAAAA!!!! Matey






To: Flea who wrote (3074)8/23/1999 7:31:00 PM
From: Don Richards  Read Replies (1) | Respond to of 4884
 
Hi Flea!
It sure is a good way to start the week!Maybe this is "the" week!!:-)On a mostly
down day for NWT diamond plays,the timing of this
news is great imo!
ps-"That Stockwatch Flea really bugs me"!!LOLOL,Plus,I now know of 2 fashionomic experts
(GGG!!)LOL!!
Have a good evening!Don



To: Flea who wrote (3074)8/23/1999 7:55:00 PM
From: Lazarus Long  Respond to of 4884
 
Flea,

The story unfolds. Looks like diamonds in hand if you read between the lines just a little bit.

Another news release just came out on SUF. They announced a share buy back because of low share price.

Lazarus