Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: kidl who wrote (26591)	8/16/2000 1:58:23 PM
From: Letmebe Frank	Read Replies (1) \| Respond to of 26850

Hi there fellow Winspearian cult member! Maybe this, in some way is connected to the buying... who knows? I won't tender till Monday, just in case! Lifted from StockHouse: Aber is preparing a bid to take over Dia Met in a stock swap "amalgamation". The deal is 2 Aber shares for one Dmm.b and 1.8 Aber Shares for one Dmm.a increasing Aber's outstanding share by 62m to 116m. Dia Met has poor liquidity and unhappy shareholders, especially the institutions, and it is ripe for change. It has a weak Board except for the nominee of major shareholder, Marlene Fipke. This lawyer, Robert Anderson,will be offered a seat on the Aber Board. The incoming DMM president, Rothwell, was BHP's Mine installation expert on the Ektai mine and will be recruited for the Diavik mine. Franco-Nevada and Tiffany are behind this move to head off any DeBeers take over of Aber. The market has been primed with a surge in Aber and a depression in Dia Met. stockhouse.com

To: kidl who wrote (26591)	8/16/2000 2:42:46 PM
From: .Trev	Respond to of 26850

Apparently they think they know something that we don't! But that's only a guess Cheers P.S the other possibility of course is that before the price boosted second bid from DeBeers there may very well have been a bunch of people very short in the expecttion that deBeers bid was going to fail and the price go down. Typically such traders are largely professionals who don't have to pay brokerage commsissions anyway....and if that's the case now they're covering, and it's going to be interesting to see how far it goes. Cheers