DIADEM RESOURCES - DIR,M Message Board

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

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To: CIMA who wrote (838)	4/20/1998 8:54:00 PM
From: Dave Tan	Read Replies (1) of 897

Sorry guys, hope is not on the horizon, at least not for another 3-4 months. Talked to Ed Ferrill at Diadem this morning. Ron has left the company. According to Mr Ferrill, Diadem is out of cash, and needs financing. Apart from that, they plan to explore Nicaragua more this year plus set up a pilot mill in 3 months (probably late August I guess), and continue drilling in Leek's Springs in August (that would be approx Sep/Oct). Waseco is still trying to produce some gold this year. Anyways, what I got from Mr Ferrill wasn't positive and it doesn't look like anything is in the works for a bit. Probably a rights offering or so. In my opinion, I think anyone thinking of buying in should hold off a few months and accumulate at $0.40 and lower.

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