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


To: m.philli who wrote (1234)4/27/1999 1:41:00 PM
From: Claude Cormier  Read Replies (1) | Respond to of 2402
 
<< The stock goes up, even they sell at 90 they've equaled the best they can get in the money market. >>

Mike, the reality is that they can't turn around just like that and sell a 3M shares block just because it is up a quarter. Keep in mine the big picture for SWG...Canabrava is only one of their horses. Their decision is in line with their long term strategy. Remember last fall when they turned $5M in debt into 5M shares at $1 when the stock was $0.70. No doubt they have confirmed their comittment to Canabrava.