De Beers: DBRSY Message Board

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Gold/Mining/Energy : De Beers: DBRSY

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To: Lonnie who wrote (10)	9/23/1998 1:03:00 AM
From: sana	of 87

Lonnie Your comments reminds me of one of the mistakes I made this year. In January De Beers signed a JV with TNKR (property in Botswana). Prior to the signing the stock ran up from the mid .20's to around .90 cents. Before the ink was dry the smart money had bailed out. I was not among them. Without a doubt the smart money knew De Beers modus operandi. They took the money and ran knowing that De Beers would just drag their feet and sit on the property, and they have. After 9 months I believe they have started some sampling. I bailed out at around .30 it's closed today at .18 with a low for the year at .14. Pretty much says it all.

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