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Gold/Mining/Energy : WWS.T World Wide Minerals -- Ignore unavailable to you. Want to Upgrade?

To: tango who wrote (463)	5/14/1998 8:10:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 784

I have re-evaluated this situation and decided not to sell.As a matter of fact I may continue to accumulate based on the fact that the lawsuit despite taking time will assure a much higher settlement than was originally asked.WWS are not likelly to receive the full amount but if the Kazaks want to gamble and proceed to the end with this lawsuit it will cost them dearly and this is why despite some poor decisions by management there is tremendous upside at this stage.My guess is that Kaz will suddenly see the light and settle within 2 months.But I actually hope they are stupid enough to risk going all the way because settlement could be about $75million.

To: tango who wrote (463)	5/15/1998 1:00:00 AM
From: traacs	Read Replies (1) \| Respond to of 784

WWS is getting good coverage on the legal action against Kazakhstan It made into the rferl.org rferl.org TRANSNATIONAL COMPANY SUES KAZAKH GOVERNMENT A transnational corporation is suing the Kazakh government for breach of contract, ITAR-TASS reported on 14 May. The Toronto-based World Wide Minerals corporation--which is also registered in the U.S., where it has filed suit--signed a contract to mine and process uranium ore in the Stepnogorsk region. The corporation assumed the debts of the previous owner, a Kazakh company, and paid wage arrears and pensions to workers. World Wide Minerals planned to sell the uranium to the U.S. company Consumers Energy but claims it has lost $220 million because the Kazakh government has failed to grant it an export license. BP