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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited
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To: Tomato who wrote (1344)10/12/1998 3:27:00 PM
From: bill  Read Replies (1) of 2251
 
Too pessimistic, tomato. We can expect a disinformation campaign
regarding diamonds as the big boys try to downgrade the value of
any property owned by the juniors. The majors won't quit optioning,
buying, locking up assets. It's an old trick. You know, the guy
who says, you want to sell me that piece of junk. If you give me
50 bucks I'll haul it to the scrap yard. Hopefully, some of the
juniors can goto the well a number of times, fill upthe bucket
with dollars and continue to keep controlof their properties. The
danger right now is that deep pockets like DeBeers will be able
to grab everything that looks good and grab it at a huge discount
to actual value.

If WSP comes up with the right combination of tonnage and grade, the stock will move. Times are tough,no denying that. There's a lot
less margin than there was a year ago. Do not despair. We have a
winter drill program and a summer program still ahead.Some posters
may not like the way RT has handled the exploration but criticism
is easy when you aren't having to call the shots. A lot of the
original companies have disappeared. Others like LTL, MEO, etc.
have taken a lot worse beating than WSP.

Today being Thanksgiving,I'm thankful that we're still in the game.
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