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Gold/Mining/Energy : DIAMONDWORKS DMW.v

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To: david who wrote (347)	9/15/1999 3:11:00 PM
From: marcos	of 413

Thanks, david - looks like positive cash flow, eh - taking a conservative 12,000 cts X 190US$ [after deducting commissions and fees etc] = $2.28milUS or $3.4milCdn per month ... that's over ten percent of the current market cap - per month Logged on and turned the radio on just now as a piece on Sierra Leone came on - cbc radio 690 AM Vancouver ... a guy named Ian Stewart ... he points out the huge resources in diamonds etc ... calls the deal with the RUF a 'necessary evil' - "... if not for the amnesty, there would be no peace, they would still be whacking off limbs right to the centre of Freetown ..." [paraphrased] I can't see why this thing is still trading at a market cap of 20 millions US$, other than the fact that First Marathon is still feeding out shares and holding a wall on it - and the answer to the question of why they are doing that still eludes me .... i highly doubt that they are acting for an investor or fund who simply wants to divest, because in that case they would raise their offer and get a lot more - this outfit won't go broke this week, that seems pretty clear now.

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