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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: Ron S. who wrote (1690)6/27/1998 12:24:00 PM
From: Peter Bourgeois  Read Replies (2) of 7235
 
Hi Ron!

I am trying not to be negative and please do not be offended but I am not as enthusiastic as you are with this new DeBeers/SUF relationship.
I have accepted the fact that we had to go into partnership with DeBeers over M1 and the fact that we will sell the Klipspringer diamonds through them.
This new relationship will only work as long as DeBeers gets its own way. How long will it be before DeBeers starts to stick its nose into Angola and the NWT.
As we have seen DeBeers can exert a lot of pressure and they are not the most ethical of companies. We got a bloody nose out of this and a lesson learned (or not). I think that CJ better keep the Devil at arms length since he is already nibbling at our toes.
My two cents.
Cheers !!! Peter
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