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Gold/Mining/Energy : Canabrava Diamond -- Ignore unavailable to you. Want to Upgrade?

To: Confluence who wrote (1111)	4/14/1999 10:26:00 PM
From: whisky	Respond to of 2402

Confluence, SWG has the expertise to do the work, but their corporate philosophy is to develop a project until a major can carry them through fruition. In other words lets get someone else to pay for the rest of the project and we will use our money to hunt for new attractive properties to develop. These are very smart guys who know when it's time to fill the vault. In the last few months SWG has through their own PP and debt financing have quickly picked up another roughly 9.5 million shares. That did not include their previous holdings of approximately 15 million shares. Now with options they have approximately 24.5 million shares or about 70% of the total float, if I have figured this out right. All this tells me is it's very close to taking off. IMO.

To: Confluence who wrote (1111)	4/14/1999 10:27:00 PM
From: Flea	Read Replies (2) \| Respond to of 2402

Hi Confluence, but why, with all the cash, wouldn't SWG have simply just done the PP? I, too, can only guess. You said it yourself in your previous post. Someone else wanted in on this play and was the recipient of the sweet deal of 3 million shares at 0.75. The 3 million was never meant for us peons. We already had our chance to get what we wanted at that price even after SWG settled CNB's debt by taking 5 million shares at $1.00. What I do like is we still have a chance to get in at around $1.00 quite easily out of the market today and yet the warrants have a strike price of $1.40. At some point in the future, I'm quite certain that 0.75, 0.80, or even $1.40 are prices to be laughed at. We shall see. Why would SWG not have done the JV deals that Kennecott and SUF jumped at? SWG has excellent management. They are good at attracting money - not spending it. They have dozens of projects at hand. They got in on the ground floor on most, if not all, of these projects and shopped them around to majors and stuck deals when the time was right. They have effectively done the same thing here IMO but this time, by letting Junior (CNB) show that they've learned from Papa (SWG). Regards, Flea ps. speaking of Fipke - have you heard of V.ACS? We can continue this in private if you like.