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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: Rocket Red who wrote (1542)11/6/2003 9:31:43 PM
From: Letmebe Frank  Read Replies (5) of 16206
 
Thats amazing. I just got it. Here are the highlights, rewritten somewhat by me so I don't get a jail sentence:

The diamond asset class that has not seen its equities make significant gains recently. Exceptionis Aber Diamonds, among the elite of Canadian diamond producers. He is excited by the micro-sized diamond exploration companies that have resources they intend to develop.

Very very speculative is Tahera Corp. who has lagged the rise in Aber and another diamond producer, Ashton. [personal note - he hasn't done his research!!!!]

Jericho has "something like" 3 million karats over a mine life of eight years, according to a pre-feasability study. Gross revenue could reach $350 million Canadian and more. The Jericho project could see financing as soon as mid-2004,
maybe sooner.

He says you want to own diamond "producers" x months before project financing comes on line. He met some deep-pocket asset managers and investors that got him interested.
A bunch of high-powered asset managers are buying Tahera shares, He cringes at putting a target due to Internet momentum investing and the shares going to strong hands. TC also says he hasn't a clue when to sell a stock. I wonder why he has a big following?

It will be interesting to see what happens tomorrow. ACA should get a big boost. Any ridiculous gain should develop into a good short play.

Another NLW is saying buy DFI Diamondfields.

LMBF
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