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Gold/Mining/Energy : Diamond Fields International Ltd. (DFI.T)

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To: Valuepro who wrote (98)1/19/2001 11:52:37 AM
From: John Thomas  Read Replies (1) of 141
 
Valuepro,

Don't misunderstand my statement. The old DFI was Robert Friedland, finding Nickel while looking for diamonds, then selling the nickel for more than what it was worth! a very fortunate string of events. As far as the diamond biz goes, Johnson was the diamond guy with the ability to get a financing package done (IMO). My best guess is that a take over or a JV looks like what will be the outcome for DFI now. My original purchase of DFI was after learning that Johnson had left BHP/DiaMet to run DFI. 30 cents to 1$ was a good run (+ I sold 1/2 at over 2$). I am not sure that there is anybody with the mining and finance experience to get the job done. My guess is that you will be looking at a JV with another small player with cash. My point was that I bought when they hired the guy, my discipline says sell when he leaves..Good Luck

John Thomas
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