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Gold/Mining/Energy : ABER RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: Tomato who wrote (811)	11/10/1998 12:35:00 PM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 2006

Lest we forget all of the major gold producers tripping over themselves to invest in Bre-X......Novell paying $900 million for Wordperfect, then selling it to Corel for $250 million....Quaker Oats buying Snapple...Myself buying Fairmile Gold... Anyways, when an investor is looking to finance ( through debt ) a project of this magnitude, they do not look at the diamond market as it stands today...they will look at the medium to long term and ignore highs and lows in the market... history says that diamonds are a lucrative business, slump or no slump, people will always want diamonds... EW

To: Tomato who wrote (811)	11/10/1998 4:10:00 PM
From: bill	Read Replies (1) \| Respond to of 2006

When my daddy was teaching me about the market, he said to me, "Just remember, Sonny, that someone buying 100,000 shares and you buying 10,000 shares doesn't mean he's ten times as smart as you." I watched a major oil company finance a small diamond company at 10 dollars a share for one million shares. I'm not even sure that diamond company exists anymore. Sure could see all the followers jump in. They bid the stock up to twelve dollars just because of who was doing the financing. No DD. Just playing follow the leader. ABZ was financed at 26.00, if I remember correctly.Pretty pricey. And then, of course, there's Loewen Funeral Homes. The list is endless. Hell,I paid 31.00 for PDG because my broker said it was going to 45.00. Might get my money back some day.

To: Tomato who wrote (811)	11/10/1998 5:41:00 PM
From: Lorne	Read Replies (2) \| Respond to of 2006

Your point is well taken although it is quite easy to recall bad moves by people with big cash over the previous several decades. I am therefore praying that I don't have to read a list of everyone's favorite stock scams over the next few days. Now for a bit of a reply. Firstly I don't think it too wise to hold up Warren Buffet as an example of a guy who screws up when investing large amounts of cash. My point was just that the guys who took down the $103 million financing are most likely to know more about the reality of Diavik than we are. I'm not saying that it's a sure thing, I'm just saying that there are a lot of good indicators with this stock and I firmly believe that now is a good time to buy. I'm not naive about the diamond market and have indicated that this is where Aber's most serious problem may lie in previous postings. Now do you really believe that following the serious cash is a mistake or are you simply nitpicking, because for every example of a screw-up that you give I'm quite sure I can come up with dozens of times that people like Buffet were bang on.