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

To: Lorne Larson who wrote (1115)	3/20/1999 3:01:00 PM
From: Rocket Red	Respond to of 2006

Lorne Its Aber problem and they owe there shareholders an explaination as they stand to lose big time if winspear wins.

To: Lorne Larson who wrote (1115)	3/20/1999 4:47:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 2006

It is interesting to examine different perspectives. Some greek philosophers believed that the world was full of mystery and even invented a whole tribe of gods to expalin events that they did not understand. For others they was nothing new under the sun. A JV contract is not meant to be a mystery. It is made to bring specific clarity to the relationship, rights, obligations, and consequences. Likewise the law is not a mystery. The law is there to bring consistency to the affairs of men and companies and so that all may know what to expect. Each case may have it's own unique wrinkles, but you may rest assured that there are not many questions which have not already been answered. Once the question is answered, the answer is very likely to remain the same. I suspect that Aber already knows the answer from a legal perspective. What we are dealing with is human nature and specifically grief. People have to work through a few specific stages when dealing with grief. First there is shock and disbelief. Then there may be anger and protests of unfairness and even betrayal. And then slowly there comes acceptence and moving on. Most judges will quickly recognize the nature of the case which is being presented. Chances are that the suit will just kind of fizzle out before it gets to court. The lawyers will do their research into the specific contact, statute and common law precedent and report back with the probability of success and failure and the cost of both. It is not unusual for both lawyers to know the eventual outcome before the trial. By that time the initial feelings may have diminished and there may be more imortant things to focus energy, time and resources on. One thing is for sure. This will not take much time in court. Preliminary motions may be successful in estopping the action.

To: Lorne Larson who wrote (1115)	3/21/1999 8:32:00 AM
From: George J. Tromp	Read Replies (6) \| Respond to of 2006

Hello Lorne: I tend to agree with Bob, Eric, and yourself. I think Winspears historical record will come back to haunt them so to speak. It is obvious over the last few years having following them very closely their corporate mentality is Greed. The greed factor first surfaced when they delayed drilling in Sep of 96 after the initial float discoveries. Drilling could have transpired in Oct of that year, obvious targets were exposed for drilling. They choose to amalgamate, issue new shares, insiders were greased prior to the initial drilling. Then again in January of 97, if my memory serves me right they did another financing, delayed drilling as well. Then we all know about the option repricing. I sort of overlooked these as a normal business function in a depressed market. However my views have changed more on the corporate mentality side of the equation. I think Winspear has probably made it as difficult as possible to maintain a JV on the claim blocks. I judge a company by its cover, and after reading a few pages of its corporate history, I am again reminded of the rank speculative nature of this company. The cowboy tactics exhibited by this company were more than validated when they choose to withhold "material news " from the market place for over 6 months. Only upon pressure by analysts, myself, after the SF Gold show, when they knew they had been caught, did they reveal the breakdown. Interesting, sort of shows the cowboy mentality of Winspear and the principles involved. Just as most posters slamming Aber have a vested interest to promote Winspear the method of their promotion is almost carnival like atmosphere in nature. Lollypop, cotton candy, and ferris wheel rides, sort of reminds of the time when the fat lady entered the circus and they ran out of tickets for the show. What they cant promote on SI, they import from Stockwatch for the roadshow of sorts. I suspect that RTZ needs Aber more than Aber needs Winspear. The recent production lapse at the Argyle, currently down 7mil carats for the year while renovations are ensuing, and the fact that any further expansion beyond 2002 has to result in capital expenditures not yet approved, I suspect Aber along with Franco Nevada, & RTZ will be exporting diamonds directly into the US market exclusive of the CSO in the year 2002, timing the market as well. Sincerely George J. Tromp