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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: stanley new who wrote (17207)	3/31/1999
From: maintenance	Read Replies (1) \| Respond to of 26850

I wonder where you got the idea that $50 million in cash was at issue.

To: stanley new who wrote (17207)	3/31/1999 12:37:00 AM
From: Diamond in the Ruff	Respond to of 26850

>Also, While I hope Winspear wins this case, I don't think it is an automatic win. If they had >precedent of working based on oral agreements, then Aber may have a valid argument. Well lets see, first we have; "The suit claims that Aber and Winspear generally dealt with each other in an informal manner,..." and then; "Mr. Shapray notes that during July 1998, a dispute arose between Aber and Winspear over the public disclosure made by Winspear regarding the 1998 results and over the details of the proposed supplementary program. Aber was also unhappy with the manner in which Winspear called a management meeting on July 21, 1998, at a time and place when Winspear allegedly knew that Aber officials could not attend." Now maybe it's just me, but if I were involved in a joint venture contract and disputes such as this had arisen, I think I'd make damn certain I stuck to the precise terms of the agreement, ie. not rely upon informal agreements. Unless of course I had other intentions? Cheers, Kim