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Gold/Mining/Energy : Mountain Pronvince Diamonds

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To: james flannigan who wrote (5)5/24/2004 4:58:21 PM
From: Chas.  Read Replies (1) of 10
 
jim, Turner played Winspear/DeBeers like a fiddle and got exactly what he wanted...millionaire status and a big name.

Mountain is a lot different...smaller resource, lower grade/value, totally different management and locked into a JV with DeBeers.....

I suspect the Bottin Group as majority stockholder at close to 30% will have some effective leverage over DeBeers when and if it comes to a buyout....

the only leverage Mountain has is some mandatory disclosure agreements that are part of the JV, hopefully that forces DeBeers hand from time to time to give us a news release.

in the meantime Mountain (Vandersande) is quiet as a mouse regards IR, PR, hype, promo, etc.....

my opinions only and not worth much.....

bears watching everyday....

regards
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