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Gold/Mining/Energy : coastal caribbean (cco@) -- Ignore unavailable to you. Want to Upgrade?

To: Edwin S. Fujinaka who wrote (1144)	11/22/1999 5:46:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 4686

Ed, The states approach is a clear cut case of the war of attrition. I would be willing to put every dollar I have on the assumption that the behind the scenes actions are intended to do nothing more than try to force CCO to spend itself to death trying to defend their position and hang on to the leases. The state has only two eventual outcomes this way. Either CCO runs out of money and desire and they close up shop OR they get so tired of fighting that they accept ANY deal just to get this over with. If CCO were to present a story of an unending financial resource and even some fresh blood in to fight the good fight, the State could be forced to rethink the strategy and work harder to bring this to resolution. I really, really don't like that CCO is actually discouraging people like yourself from telling the story. I can imagine some scenarios where it could cause problems, but only in a case where a settlement was imminent. Yet we have no indication that this is happening. Most here seem to be in it for the long haul. And I believe that eventually a solution will come in favor of CCO. But what that solution is may be a very watered down version of what we hope for if CCO is indeed being convinced by the state that they are NOT in a strong bargaining position. (ie, we will hang this thing up for another 8 years if we want, and you can't afford to wait that long, blah, blah, blah) Here's hoping I am completely wrong on that score!!! Tom F.

To: Edwin S. Fujinaka who wrote (1144)	11/22/1999 8:09:00 PM
From: Robert Furman	Respond to of 4686

Ed It appears from this board that "the natives are restless". I understand that the CCO management may want us to be "quiet" at this point, but they are telling us nothing while the stock price goes to hell (another -1/8 today). It seems to me that if we expect any kind of return in our lifetime, we have waited long enough. I respect your input & opinions in all of this, but when is "enough is enough". I agree with you that I am VERY worried about the "big" guys at CCO screwing the rest of us long time shareholders. Bob