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

To: Ross Dickie who wrote (1256)	4/28/1999 11:34:00 AM
From: Diamond Daze	Read Replies (1) \| Respond to of 2402

Yes...It's all mostly old stuff with the exception of finally admitting to having all samples back on Ontario,and admitting in writing from the company that the rsults are above expectations.. also admitting to finding several new pipes in Brazil and that the Macapa is more than likely sub economic. I was hoping they would extend to us the dollar amount budgeted by ______ for Kennicott for the summer program and who was going to "run the program". Since that would have been a very important addition to this update...Oh well I guess it will come out in time....DD

To: Ross Dickie who wrote (1256)	4/28/1999 11:50:00 AM
From: m.philli	Read Replies (3) \| Respond to of 2402

Morning Ross, I'll comment, As the Queen said to Charly "I am not amused". It appears to me, the company has no interest at the present time in doing anything to increase share price. IMO the thing that separates the Brazil properties from other companies exploration plays is the history of large/ colored (high demand and market value)diamonds. They have found colored diamonds (see SUF website). With diamonds such as these, even with a downturn in the diamond market we would be a much safer more secure investment. Therefore, any statements on Brazil or its potential should include updates on this area of interest. This is what catches the investors eye. Why no discussions on size, quantity, quality, or location of the colored diamonds being found in their samplings.? They have mentioned before, sampling the active river traps have yielded a grade of 3 carats /cubic metre (note no decimal, 3.o) If they have sampled enough to state a grade/cubic metre, why not state a grade/size,quality,color etc. Now this needs to be said, Late last November the stock price rallied (i believe) up to the $1.25 area.It was subsequently hammered down to the 50-60 cent range. The company shortly after announced a share for debt conversion to parent SWG. Part of the news release stated that SWG would pay $1 (A SUBSTANTIAL PREMIUM) over the 10 day $0.60 cent trading price. Why, BECAUSE THEY THOUGHT CNBs ASSETS WERE UNDERVALUED AT THE TRADING PRICE. They also stated the company was well funded for the near future. Now again, early April the stock rallied and started to run away. It began trading in the $1.30s. It is subsequently hammered back down, AND HELD in the $0.95 to $1 range. A PRIVATE PLACEMENT TO SWG IS ANNOUNCED AT $0.75 WITH $1.40 WARRANTS. Strange that they were worth $1 in DEC. but only $0.75 in April after jv three properties and announcing a production plan on Rio do SONO.( sniff,sniff) IMO, the pp at this time needs to be looked at closely, in a couple months, with production on Rio do SONO (WITH THE POSSIBILITY OF COLORED AND/ OR LARGE STONES BEING RECOVERED) did not imo seem appropriate, and beneficial to CNB shareholders. I just question the wisdom of this PP at this time. With so many things happening, a 2mm line of credit or bridge loan from SWG would have been the proper move. I have not seen the companies interests diverge until now, but this move had made me question what's happening behind the boardroom door. The stock is again dropping from $1.40, and with the release of this regurgitated, wish /wash will probably stay down, until SWG decides different. SWG has control over CNB and imo are quite happy to take advantage of that fact. It would not be appropriate for CNB to rally to new heights so shortly after the crossing and shuffling of 3mm shares to who knows where. My interests lie with CNB not SWG ,I am a shareholder and it is "my perogative" to question the moves of management when they possibly differ from my shareholder interests. I have a vivid imagination, perhaps it alive and working here. IS anyone else having imaginations along this line.