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 : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (22906)	10/26/2003 10:47:39 PM
From: Michael Bidder	Read Replies (1) \| Respond to of 39344

BINGO! Russett, I am going to peoplemark you. ...IMA would be stupid to give AQI anything without a court order. The correct course of action is to tell AQI to put up or shut up on the issue, hence the lawsuit.>>> As well Aquiline is now in the position of needing a quick outcome. They need to do further financings to meet there property commitments. Drilling and Exploration is now out of the question as all cash needs to be conserved to meet her heavy property payments. Her payments average more than $100,000 per month to maintain ownership of properties. That is only payments not exploration. If this goes to trial I predict AQI will be defaulting on properties she has paid at least 500k for. This is not the type of trail that will be short lived. Nor will it be easy for AQI to win her case, if there is one. The onus is on AQI to prove that IMA used Newmont data in breach of her confidentality and not IMA data. IMA had almost 10 years worth of data. I think IMA also had access to mountains of old Government of Argentina Mines data.

To: russet who wrote (22906)	10/26/2003 11:10:53 PM
From: Little Joe	Read Replies (2) \| Respond to of 39344

Russett: Has it gone to court. I have not yet heard any news that IMA has actually filed a suit. Do you know different. If not, and it is such an obvious suit situation, why do you think IMA has not filed? Given the beating their stock is taking, why do you think they would not just release the basis of their staking of the claim and get on with it? That would be my practical and legal advice to them and if they have a legitimate suit against AQI, I would advise them to file asap since this business is killing their stock. Little joe