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

To: Cammo who wrote (17213)	3/31/1999 12:58:00 AM
From: drj	Read Replies (1) \| Respond to of 26850

I have to agree with previous posts. If Aber turned down the $50 million offer, why would they think Winspear would not jump at the chance to cut them out of 16% for free on a technicality? I know that Winspear and Aber executives do not like each other personally. There will be much of this story yet to come, and I doubt that anyone will fully comprehend it after the lawyers are done, but I wonder whether Aber forced this court action for other reasons. Could a judge order a stop in work at the site until the issues are resolved? Would this benefit Aber (giving them time to complete their mine, raise capital for a hostile takeover of Winspear)? When Aber elected not to participate in the 1997 exploration campaign would they have been hoping that Winspear would go bankrupt and thereby be able to get the whole thing for free? I believe winspear was on the brink at that time and all of their current assets seem to be from the most recent private placement. Just some thoughts (unsubstantiated) but feedback would be appreciated. sincerely drj