Why all the panic when there is some mention of De Deers? You hold De Beers stock, and for all the right reasons, one of them being to turn a profit on your investment.
Why all the concern? De Beers has at current some 80 joint ventures with junior mining companies, mineral right holders etc, all of whom are quite happy to be associated with De Beers. If a few ' juniors' are unable to compete with a company such as De Beers, then they should perhaps move into another line of business. De Deers is not the sole marketer or producer of diamonds. You have mentioned others, and they have all survived.
De Beers cannot, and should not be held responsible for any ' juniors' woes, especially when the ' junior ' had not applied itself to the simple mechanics of due diligence studies. If the confidence level, or image is affected, then they should look to the root of the problem and not attempt to transfer the cause of their woes to some other third party.
These so called claims ( cracks appearing in De Beers ) that you postulate, have been around for decades, so this worn out theory (put out by ' junior ' shills) is just that- a theory. The industry if full of these Doomsday soothsayers, their revelations evaporating when history bypasses them.
The success of the juniors, whether it be in mining, exploration or marketing, is vital for the industry, and I see no reason why they cannot contribute, providing they follow all the applicable rules.
Good Day.
INFOMAN |
