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

To: George J. Tromp who wrote (1134)	3/21/1999 4:34:00 PM
From: teevee	Read Replies (1) \| Respond to of 2006

George, the ABZ facts at this time that are relevant to me as an investor are: 1. ABZ does not have the funds to pay for their share of development costs of Diavik should it get the go ahead. 2. ABZ does not have a marketing agreement for their share of production and therefore cannot get standard bank debt financing. 2. If RTP proceeds with diavik, and ABZ can't come up with their shasre of monies, they will have their working interest diluted by RTP. 3. Should one of the Nevada's step in as a lender of last resort, ABZ will likely suffer share dulution and have to provide a royalty over and above the royalty Chris Jennings holds, and probably also have a preferred share issue to the Nevada's. 4. The law suite with WSP further clouds the issues and likely delays any spin off of Aber-ex. 5. The average stone size at Diavik is .1 carats or 10 points. The average value is about $US60.00 per carat.....these are Indian goods...and I'm not interested in Indian goods....I like big gems over one carat in size....that is where the 75% or more of the value, margin and liquidity is, as you well know. 6. Where is the upside with ABZ? Dividends? There was some upside with Aber's 32% interest in Snap Lake, but they probably have lost half of that now. 7. There are far more uncertainties with ABZ at this time than I am comfortable with. Good luck with your holdings here. regards, teevee