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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (22917)	10/26/2003 11:23:55 PM
From: Michael Bidder	Respond to of 39344

My guess little Joe is that IMA want's to give AQI every possible way out. They don't need the blood and they don't want the drain. They want to be free of the threat! If AQI will not co-operate then IMA will try to inflict as much pain on AQI as she legally can.

To: Little Joe who wrote (22917)	10/27/2003 2:02:07 AM
From: russet	Respond to of 39344

I am not a lawyer, but I have been involved in several "he said she said" cases and most are a waste of time and money in which only the lawyers benefit. I'm surprised you would advise a client such as IMR to give anything to AQI,...why IMR staked Navidad is proprietary information that is none of AQI's business unless they want to pay their nickle and go to court, or show they have a winning hand. Once there they can negotiate a settlement if one is necessary. In any event, once AQI sent the letter, the outcome seemed obvious as IMR could not keep the letter from the market,...it will likely end up in court because IMR must dispel the cloud over Navidad's head as soon as possible. There is no sense spending any money on a project that will be taken from you, and the way to force AQI to show it's hand is to go to court. I have no current opinion as to who is right here. I agree with Claude and others,...we will find out later, as we don't have enough facts to conclude either way at the moment. IMA Exploration Inc IMR Shares issued 32,542,130 Oct 14 2003 close $ 1.80 Wednesday October 15 2003 News Release Also Aquiline Resources Inc (C-AQI) News Release Mr. Joseph Grosso reports LEGAL ACTION COMMENCED AGAINST AQUILINE IMA Exploration has initiated a legal action in the Supreme Court of British Columbia against Aquiline Resources claiming damages, an injunction and costs for injurious falsehood, interference with contractual relations, interference with economic interests, defamation, and negligence arising out of the defendant's issuance and publication of a letter sent to IMA on the same day that IMA was to have closed a bought-deal financing. As a direct consequence of that letter, IMA's shares lost value and the financing was cancelled. The company will proceed with the planned exploration program on Navidad, as well as other properties, as previously scheduled. IMA Exploration has a strong treasury in excess of $4-million to finance its exploration objectives.