DIAMONDWORKS DMW.v Message Board

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Gold/Mining/Energy : DIAMONDWORKS DMW.v

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To: Walter Kalin who wrote (330)	7/16/1999 5:08:00 PM
From: marcos	of 413

That's how I see it .. more cheap paper ... company needs cash now short-term to develop new mines in Angola and [i think] Koidu in SL ... Yetwene and Luo haven't been operating long enough to bump dmw up into current positive cash flow, and security costs are likely still quite high there and will be until UNITA gets wiped off the face of the earth. It would be good to see some international resolve on that matter. There's always debt financing, too .. maybe with cheap attached warrants. If our South Africans have an interest in the long-term well-being of the company, they won't crank up the printing press to the point where the number of shares out make a roll-back absolutely necessary. Debt specific to mines, non-recourse to dmw, would be the way to go. We shall see. Over the weekend i hope to get the time to check all African news sources for new items, especially in re Sierra Leone .. Koidu is a big one and an announcement on it would move the stock imho ... or raise the wall at least -g- ...... cheers ps - notice today's pattern of alternating 15.5k and 9.5k lots from FM to Bunting? Weird, eh.

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