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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: nempela who wrote (1188)5/22/1998 1:13:00 PM
From: Valuepro  Read Replies (2) of 7235
 
Hi, Nempela

You said, "... Giving the rights to De Beers simply cannot be construed as being in the public interest, no matter which way you cut it (and I'm sure the De Beers supporters on this thread will clamour about that).
De Beers' true expertise is in marketing and selling diamonds. Let them do that!
Suggesting that they are better than anyone else at mining them can't be substantiated and is basically just rhetoric. I'm sure they're good at it, but I would think it's simply *not* in the public interest to let them mine Marsfontein. ..."

Agreed! I'm sure there are those who would argue with me that De Beers expertise lies in their ability to keep diamonds OFF THE MARKET. This is a fundamental fact about maintaining the cartel. Supply must be held to a minimum. That's why their brilliant marketing arm does so much better than their production arm. It also explains why they would not be a good partner for anyone wanting early cash flow from a new find.

Long and strong on SUF,

ValuePro
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