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Gold/Mining/Energy : DIAMONDWORKS DMW.v

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To: Robert Saito who wrote (3)11/28/1996 7:59:00 PM
From: Dan P   of 413
 
Robert:

Yes, I would definitely send them more money. There was a
recent letter regarding this company suggesting that it is now
a much better deal than it was prior to including the share
dilution for the China deal. Now they can concentrate on Africa
(Angola) entirely. So DMW deserves now a much higher market
cap. Is this what we waited for and held our shares held from
trading for the entire summer? Of course, the company that
issued this recommendation is also the same company helping with
the financing.

When will these guys get it. Hey folks, there are shareholders out there, and if you don't treat them well, they'll never be
back. Issuing huge number of shares is of no benefit to existing shareholders, and if you study the likes of Aurizon,
Royal Oak, Campbell Resources, all of which are very fine
companies, their performance is at best average, unless you have
a super gold market, which we haven't seen in a year. My own
view is that shareholders are best served by keeping the share
numbers down to a reasonable level, until and unless the company
deserves a large market cap. I personally am very disappointed
with what has happened to this company, and although I sold it
for a small profit after a 9 month hold, I doubt that I'll ever
be back in it. Give me some credibility.

Regards

Dan
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