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To: teevee who wrote (1527)	7/18/1999 1:34:00 PM
From: bill	of 2006

Sold the last of my trading shares at 13.60. Made my decision on the basis of virtually no volume going into WSP's press release. Now, I'm expecting a drop back to 13.00 to fill the gap. A good decision? A bad decision? Does anyone think that ABZ's recent runup is tied to the WSP results? Or, is something else moving the stock price? Opinions are all over the place with regard to WSP share price with those normally optomisitic continuing to be optomisitic and those who are normally pessimistic continuing to be pessimistic. If ABZ's current run up was the result, once again, of some company taking a position, will the current price drop back once the targeted amount of shares is accumulated? This happened last time with a substantial drop in price once the major buyer had met its target. If this were the case, I'd expect a pull back to around eleven dollars with a move back up to around 12 and then consolidation of a new base. Anyone with me on this? Or have I wandered completely off on my own. IF and this is a big IF, I were right, then there would be another great buying opportunity with another chance to take substantial trading profits.

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To: bill who wrote (1528)	7/18/1999 6:06:00 PM
From: bill	of 2006

I meant to add that the reason I see the price consolidating at a higher level is because as large corporations buy, they are reducing the public float. The day traders and momentum players move the upper edge of the price up in the short term but once the major buying is done there are not enough day traders to maintain the price and, once it begins to slide, they'll short it, driving the price below the consolidation level. With momentum gone, they'll exit and the new price base will form at a higher level than before the momentum began because of the smaller number of shares available. Over the next twelve months, I'd expect to see this scenario repeated a number of times. At the moment I've got two brokerage predictions-- 17.50 and 30.00. Big spread between them. Take over price--40.00 for a premium of 10.00 on the 30. Be interesting to see what happens if the price approaches 26.00. If anyone remembers that far back, the stock hit 28.00, then there was a large European financing at 26.00. Those investors, if they haven't sold and taken a large loss, will be watching the price gradually climb. At some time they were convinced that 26.00 was a favorable price. If that was true, we should see a lot of upside. It it was wrong, we could see price stopped cold in its tracks because of a massive overhang at the 26.00 Canadian level.

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To: bill who wrote (1529)	7/18/1999 7:39:00 PM
From: .Trev	of 2006

On a different slant but still speaking of Large Corporations buying I just noticed a piece in Friday's Vancouver Sun which might explain why RTP has been showing strength for some time. Ostensibly it relates to iron ore and coal production in Australia where BHP and Rio Tinto are both significant operators. I recall that a little known facet of Rio Tinto makes them about No 3 in the USA for coal production also. How does this affect your up coming diamond mine in the Territories I hear you say. Well both iron ore and coal have been suffering in Australia and BHP has been in sore straits for about a year or more, with the implication that EKATI as a valuable asset might be in play i.e. for sale. Rio Tinto is of course the Diavik muscle. The latest word is that the two of them might now be into merger talks. So far it's just speculation but it sure could change the complexion of things in the diamond industry as well as Iron and Coal. The trouble with the information age is that there is just so much information available globally that it's tough to keep track and keep up to date with the reading. Lorne if you're there remember what I said last week. Cheers

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To: .Trev who wrote (1530)	7/19/1999 1:27:00 AM
From: bill	of 2006

If they do merge, what effect do you predict on ABZ? There is obviously something going on. DMM did not start to move up until the project was further along--if I remember correctly. I'm suspicious about the major gold companies. Certainly, in the short term, the writing is on the wall for them. They are going to have to diversify. They are naturals for something like diamonds. With SA gold mines shutting down, African base metals unmineable because of endless conflicts, the former USSR being a quagmire where any company can sink into oblivion, etc., a producing, profitable diamond mine looks like one hell of an asset.I doubt if Barric or Placer or RTZ or BHP are going to go the dot com route. Asia is improving but, as always, there may be some exaggeration. The American press seems incapable of reporting without hype and exaggeration.

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To: bill who wrote (1531)	7/19/1999 8:33:00 AM
From: don jackson	of 2006

Aber and Tiffany create unique North American diamond industry alliance VANCOUVER, July 19 /CNW/ - Aber Resources Ltd. (TSE-ABZ, NASDAQ-ABERF) and Tiffany & Co. (NYSE-TIF) have created a unique North American diamond industry alliance through a joint arrangement and an equity investment by Tiffany in Aber. The agreement governs the sale of a substantial portion of the value of Aber's 40% share of the anticipated production of the Diavik Diamond Project in Canada's Northwest Territories. Tiffany & Co. will purchase 8 million treasury shares of Aber for a total of Cdn.$104 million ($13 per share). Aber will then have 53,827,883 shares outstanding, (56,072,883 fully diluted), with Tiffany & Co. holding 14.3% on a fully diluted basis. Mr. James Fernandez, Executive Vice President and Chief Financial Officer of Tiffany will be appointed to the Board of Directors of Aber immediately following the Annual General Meeting on July 30, 1999. Tiffany & Co. is the world leader in sales of high quality diamond jewelry. It has a pre-eminent position in the American retail diamond jewellery market, the dominant diamond market of the world, and has been very successful in expanding this brand recognition internationally. Aber Resources Ltd. is the Canadian based 40% owner of the Diavik Diamonds Project. The 60% owner, and operator, is Diavik Diamond Mines Inc., a wholly owned subsidiary of Rio Tinto plc of London, England. With the completion of this transaction, Aber will have Cdn.$214 million of working capital and anticipates raising the balance of its share of the capital cost of the project without equity financing. The project is now in the final phases of government approvals with construction expected to commence early in 2000 subject to receipt of final permits and approval of the boards of both Aber and Rio Tinto. Aber will supply a proportion of all sizes of diamonds in the customary high qualities demanded by Tiffany. The arrangement channels rough diamond production directly from the mine to the retailer without affecting the rough diamond market. The commercial arrangement will allow both companies to share in the financial benefits of a segment of the diamond trade not normally accessible to either a mine producer or a diamond jewellery retailer.

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