REX DIAMOND MINING TSE:RXD Message Board

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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD

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To: Bob Fairchild who wrote (1771)	10/14/1999 8:20:00 PM
From: teevee	Read Replies (1) of 2522

Bob, LOL...you should do some DD before you invest your money. Ashton was the first in Mauritania and took all the best lands located over the central and thickest parts of the craton. Their land holdings exceed the size of the entire Slave craton in Canada. RXD came in after and took the scraps that Ashton didn't want. Diamet recognized this and entered into a $10 million dollar farm in. Ashton and Diamet have a number of diamondiferous pipe clusters. What does RXD have? Marginal lands on the margin of the craton. No doubt with barren and non-economic pipes. Lucky for RXD that diamond exploration takes such a long time. RXD may be able to keep this "story" alive for years. Have you looked at the financial statements? The company is essentially bankrupt. If not for the deep pockets of RXD's major shareholders propping up this poor excuse for a company and its share price, it would have been on the rubbish pile of history by now. Sooner or later the chickens will come home to roost;-) teevee

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