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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: George J. Tromp who wrote (977)	6/27/1998 3:06:00 PM
From: The Fix	Respond to of 2251

George....With alot of this Dyke/Vein running under Snap, Do you think that Snap will be drained or will they go underground? What's your guess.....I realize that we need all sorts of Pre-Feasibility studies done on this matter. I'm just starting to play with the Calculator. fIXER

To: George J. Tromp who wrote (977)	6/27/1998 3:33:00 PM
From: bill	Read Replies (1) \| Respond to of 2251

George, I've been looking at the trading and the information available and they don't add up. I just don't believe in a 3 day delay and then trading 7,000,000 shares. The volumes and the information released seem out of sinc. I don't believe that the volumes are wrong. There has to be something more going on that we don't know about yet. Somebody obviously does, whether fact or rumour. The only thing that seems to be missing are the characteristics of the diamonds, something that we were told would be released and now are being held back. Have all the drill results be released from the winter program? Have all the bulk sample results been released? Were there other tests that were done over the winter besides the drilling and the bulk samples? If the answers to the above are yes, yes and no, then the story has got to lie in the characteristics of the large diamonds. I can't think of anything that would drive this kind of volume unless it was a large colored stone. If WSP has a source for large, gem quality colored stones, it would place it at the forefront of the diamond market not just in North America but the world. Size of deposit in normal terms would be just about meaningless. The other puzzle is the one raised in an earlier post. With such huge volume why is the price around $1.50. One can attribute some of that to momentum traders. In under a dollar, out by 1.50. Or even less of a spread. My third point is not a question but an observation. The results had to have been completely unanticipated. As proof, I offer two things. First,The refusal of ABZ to participate when they spent money on other jvs They may now say "Well, we just didn't have the money." That's to cover up what, in retrospect, may have been a bad decision. They're hardly going to say they screwed up. Always the easy way out is to blame the budget. Second, The determined insider selling that went on even below a dollar. There was an obvious attempt to dump as much stock as possible. Nobody does that unless they're desperate to get their money out before the price tanks--which it did.