Hello gemsearcher,
What a surprise that the RSA government went right to the middle ground. In the midst of an election campaign, with ANC support moving surprisingly higher, it looks like they've at least tamed de Beers. Has the whole thing been politics? Don't know, but it sure has that feel.
It would be nice to have a more detailed description of how this will affect SUF and the diamond business in RSA. I suppose the sight held Thurs/Friday in RSA will give a fairly good indication. I'll bet prices are up nicely, allowing the government to take credit, while de Beers can point to rising diamond prices elsewhere, and other rhetoric. All I care about is the beautiful white diamonds from Marsfontein on centre stage.
Maybe this resolution will lead to some long awaited news from SUF. But then again, good news would undoubtedly lead to more selling.
We now have become value investors. Perhaps someone stateside could call that guy in Omaha, Warren somebody. I hear he had a BBQ and softball game earlier in the week with some of his friends, so it appears he's not too busy to look into another good, undervalued business.
Regards,
Confluence |
