To: m.philli who wrote (1058 ) 4/7/1999 7:11:00 PM From: whisky Respond to
Mike First of all both of these stocks are very undervalued. In my opinion, SWG price does not reflect a penny of the value of CNB. Furthermore CNB price does not reflect the value of it's assets. SWG has over 20 major projects around the world, in various stages of development and feasibility studies. Something is about to break on SWG, they have been working the Peru properties for over 6 years alone. Some of these projects are very close to the feasibility stage with a high probabability of them being producing mines. I'm talking about 5 to 10 million oz gold projects. If Teck would have understood diamond mineral chemistry a little better I'm sure we would be at a feasibility stage on the canabrava project by now also. 6 years in Brazil as of this date, 6 years in Peru to this date. Some companies like arequipa did it in under 3 years in Peru. I can tell you with a 100% confidence that CNB will not be spun off, they didn't bring Rory Moore on board to cut the feet out from under him after all the great work he has done so far. To split CNB diamond properties into a Brazil company and Ontario Projects into another Company, would just create more paperwork for Rory and take away from his focus on both. Not to knock winspear which I think is a good company, but they are trading at 4 bucks with one very encouraging property while CNB has spent just as much time working the Canabrava project. CNB has 2 world class diamond projects with tons of land and very soon tons of cash flow. So I have no idea why both CNB and SWG are both trading at these prices. The only reason I can think that cnb is trading down here is because of the Hillsborough factor. George Vooro the previous president of Hillsbourough stepped down last fall and hillsborough still has over 2 million shares of cnb. I think they are struggling in their negotiations to buy this block off of them and that could very well be the problem. Not to mention Mr. Vooro probably still has some stock in CNB through previous options that were granted to him when he was President of Hillsbough. This is I believe the root of cnb price problem. Not to mention brokers and traders who are trying to keep the stock price low to try and accumulate more in hopes that when the big cross comes they can sneak their bids in quickly and scoop some from Hillsborough. Mike these companies are both terribly undervalued. In my opinion one should accumulate these stocks now. Because very shortly, I think the cross is going to happen. I know both groups have had a number of discussions on this subject and it is just a matter of negotiating the price. I have talked to Hillsbourough and they know what cnb is doing so I'm sure they are holding for a better price. Fortunately we can take advantage of this situation by purchasing whatever stock you want at discounted prices. That's why I made my previous statements on this thread. But as I said before this is not a flip stock, unless there is volume with the uptick. So buy what you can afford to keep. If you go back to the trades today, take alook at the trade at 95 cents. There was only 500 shares bid, yet when the order was placed it was all bought at the same time. That's how I know the pros are watching very closely.
