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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?


To: CIMA who wrote (1309)10/6/1999 2:17:00 PM
From: ogi  Respond to of 1996
 
Thanks CIMA; I will try calling. AS I explained in earlier posts, the last time I called no one would make any comment whatsoever about talks! Yet for the Chief they seemed to acknowledge to him that talks were ongoing. Now it appears that there may not have been much talking after all,
which considering the silence on this topic doesn't surprise me a great deal.

I will be happy when there is finally some sort of official announcement on all this so we can work from facts instead of rumour or innuendo.



To: CIMA who wrote (1309)10/6/1999 2:51:00 PM
From: ogi  Read Replies (2) | Respond to of 1996
 
CIMA et al: I did just speak to IR at RKR. I am not quoting but here is the gist of what I was told.

A statement of claim was filed on Sept 28 99, this represents an acknowledgement on Rock's part that talks may not bear fruit. I.R believes that talks have been ongoing but it was necessary for Rock to be well positioned should they not produce a settlement. IR could not comment on why this would not be worthy of a news release. Arbitration has not been pursued as that route requires a waiving of court action, leaving RKR stuck if the arbitration settlement were unacceptable.

I am told there will be a drill program sometime this fall, with or without a JV. I.R was unable to say if the current treasury provides for this program or if there will be further financing needed. Nor could IR give a summary of the number of shares issued this past year in other financings. That's the best update I can provide.

Best wishes Ogi