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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD
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To: Bob Fairchild who wrote (1122)1/25/1999 8:59:00 AM
From: Ross Orr  Read Replies (2) of 2522
 
Hi Bob,

Thought I would shed some light on your question. Anybody has the ability to privatize at any time given 2 things happen. First the company must get an independent evaluation or fairness opinion done by an outside source. It would be virtually impossible to hide from them a material fact such as a diamoniferous pipe in Mauritania. Secondly they can only offer you a price for youer shares. It still remains your decision as to whether you accept the offer or not. I think that Serge would be more apt to accept a bid from someone else. 16 million shares X ? is a lot of money.

Ross Orr
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