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Gold/Mining/Energy : PAR.V - Diamonds in China
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To: Grant Baker who wrote (13)3/19/1999 10:35:00 PM
From: Barber From Seville  Read Replies (1) of 61
 
Grant... I have to agree with you. This deal is not for the faint of heart. This thing could go either way. But if you compare it to a company with micro-diamonds and mouse holes in the ground, you are not really making a fair comparison. Proven and probable are two entirely different things. I am not slamming Kensington for their potential as I am a shareholder of Kensington and have been for over 2 1/2 years. Quite frankly I believe Kensington to have, by far, the most potential of any diamond plays. But not unlike par they have their challenges too. The single biggest PAR hurdle at this point is financing. If they get this thing closed they at least have a chance. What will happen in China with respect to some Emperor deciding that us round-eyes should be taken for a ride is entirely out of the companies control. I guess if they have measured the risk and return equation and the financier has weighed it as well then that's good enough for me. At this point loosing .20 cents is not so traumatic. I've lost a lot more on kensington and the likes. What I like most about PAR is the up-side potential - cashflow. Oh, with respect to gambling... It's all gambling isn't it? It's merely a matter of weighing risk, if you decide to play at all.

The Barber
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