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


To: teevee who wrote (25520)2/27/2000 3:00:00 PM
From: Rocket Red  Read Replies (1) | Respond to of 26850
 
Teevee
Don't count on Aber going to the Supreme Court just yet.
Aber is going to need tons of Cash as the Delay has now cost them an aditional 100Mil Dollars.
With all the problems they are having and if they don't get approval soon they will have trouble raising any more money as the delay could cost them another 2 to 3 years.
The Indians are really pissed at Aber and don't count on Aber getting approval anytime soon.
Winspear will be in production long before Aber.

Cheers.



To: teevee who wrote (25520)2/27/2000 6:46:00 PM
From: brian krause  Read Replies (1) | Respond to of 26850
 
Contract law provides for different remedies in different circumstances. For eg. mining contracts are applied diffently then a contract to buy a house. If you don't make your house payment the finance company can't immediatly reposess it. There would need to be a period of grace given.

This dispute will be settled as it pertains to Mining Contract and the more recent the case history the more applicable it will be.

Good luck here. To busy short term trading to pay much attention to this long drawn out process.

Regards

bk