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Gold/Mining/Energy : Nora NXI on ME

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To: Dogger Bal4 who wrote (347)6/25/1999 12:28:00 PM
From: John Stella  Read Replies (1) of 420
 
Dogger,

Sorry if my response sounds as if i'm "dodging" your question but at this point in time i cannot be too specific. You must keep in mind that Namibia is known to contain massive gem quality diamond deposits, 95% of the stones are of gem quality. Nora is the second largest surface area owner in Namibia, second only to DeBeers.

Rumors in the industry about possible acquisitions, mergers, joint-ventures, are abound, for the moment let's just say they are rumors.

However, anybody in his right mind would have to be in a "comatose" state to be selling at these prices.

Regards,

John
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