DIADEM RESOURCES - DIR,M Message Board

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Gold/Mining/Energy : DIADEM RESOURCES - DIR,M

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To: Bearcatbob who wrote (784)	12/8/1997 6:49:00 PM
From: Dave Tan	Read Replies (3) of 897

Latest: I just called Diadem (Ron, Investor Relations) and I got a very lukewarm answer. The reason for the current wave of selling is most likely tax losses, plus Diadem's lack of cash is driving the stock down. Most likely Diadem will be doing a financing next year in January in the form of a rights issue (which may be tradeable). We also talked about other things. It is currently snowing in California (roads are closed till Spring). Results for recent magnetic surveys will be in a few weeks. Waseco reported lower cash cost to produce gold, but we still do not have a permit nor a dredge...again 1998. So in conclusion, I feel that 1998 will be a more exciting year and at $0.30, I will be accumulating.

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