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Gold/Mining/Energy : CFV - Camphor Ventures -- Ignore unavailable to you. Want to Upgrade?

To: John Soileau who wrote (342)	9/8/1999 1:53:00 PM
From: .Trev	Read Replies (1) \| Respond to of 407

I follow this thread from time to time only because of it's relationshp to MPV. I note a strong resistance to understanding what is happening here. Boulle isn't just coming on the board, he's taking over the company. The announcement definitely refers to a Reverse Takeover. The 4% net interest in the diamond property was obviously considered (too late IMO) to be less than enough to support a company all by itself. This company was sold as a shell. Happy or unhappy you guys need to adjust your understanding of the deal. I have no axe to grind here I'm just trying to help

To: John Soileau who wrote (342)	9/8/1999 7:22:00 PM
From: Market Watcher	Respond to of 407

John, I am a shareholder of Camphor. I do not have any additional information about the assets being acquired by the company. The following comparisons are what have me excited by Boulle's involvement. America Mineral Fields (AMZ.T) -- has about 30,000,000 shares outstanding, assets are in a very politically unstable African country (Congo), currently trading at about $2.50. [when Boulle first got involved in AMZ, I owned some shares at about $3.00. I sold some of those same shares at $20. Once political climate settles down, I think you'll see decent share price appreciation again] You've been providing quotes from the Travel Advisory Board -- I'd be curious to see what they say about the Democratic Republic of Congo (formerly Zaire). I'm sure it's not too flattering. Despite the description, still trades at $2.50. Diamond Fields International (DFI.T)- has about 51,000,000 shares outstanding, property in Namibia, Africa, trades at about $2.35. The point I'm making is I don't think that the location of the properties is as big a deal as some are making it out to be (although, obvioulsy, if things settle down in the respective countries everything is that much more attractive). Second point is "dilution" worries may be unfounded. Look at how many shares are outstanding in the other deals. Camphor is currently trading at $0.66. After the acquisitions, number of shares outstanding will be around 40,000,000 (similar to Boulle's other deals). I really only see upside potential. I'm not a cheerleader for Boulle, all I want is significant appreciation in share price and liquidity. I think we'll see it. Camphor's diamond assets are the bonus in all of this. Could provide cash flow to finance exploration/development of the other assets. As a final note, I don't know what due diligence has been done to date on the assets Camphor is proposting to acquire (and perhaps that is irrelevant from a share price appreciation perspective -- not what you have, but rather who's involved), but my understanding of most deals is that they (the closing of the deal) are always subject to the aqcuiror conducting due diligence and being satisfied. A valuation report (from an independent firm) on the assets being acquired is almost always required by the stock exchange for transactions like this. I would expect that is what will establish justification for the consideration (share issuance) being paid. Just my thoughts. Cheers.