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Gold/Mining/Energy : DIAMONDWORKS DMW.v -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (342)	8/15/1999 6:12:00 AM
From: Chas.	Read Replies (2) \| Respond to of 413

Hi Marcos, I keep this one on my screen in my tracking portfolio, presently out of it, waiting for some major news event or such, this one fooled me, a year and a half ago I felt they would be one of the only producers in sub Sahara Africa because of their EO connections and it seems that has worked against them, goes to show you that it takes much more than just brute force to be a lasting entity. They are on my screen. Winspear finally doing better and some lovely rumors around about "Fund" buying and the such......I remain very long on the Wsp, intend to move half if it can get back to $4.50 or so....what do you know about ACS.V Archon, Aber jv on an adjoining piece of property to the Ekati...???? Yes, Will P is a very good writer and it's nice to see the coverage. Rex also on my tracking screen, in at .80 or so, out at $1.20 and didn't see the increase coming, didn't take advantage of the trend either. maybe next time.......early on a Sunday morning, big shoot on over at the club today, trap doubles, some skeet, have to awaken the chauffeur, must get ready...... have a good one.

To: marcos who wrote (342)	8/16/1999 5:51:00 PM
From: marcos	Respond to of 413

"The question of financing remains, however. Although some of the capital expenditures necessary to reach these production levels will come from the existing operations, to fully develop the properties, Mr. Walsham said the company would have to raise additional capital. With DiamondWorks stock trading in a narrow range below 20 cents, current shareholders can only hope that massive private placements will not be the order of the day." Right on, WillP. This is crucial. It would be a nicely positive note if dmw could obtain debt financing for development of Camatchia, and Koidu when that comes ... and failing that, or waiting for that, to just let the kitty build up with current cash flow, develop one step at a time with the funds in hand .... and NOT print more cheap paper ... there has to be a limit somewhere. I would think it is now and here, as survival is no longer in doubt at this point. What would be really nice - is if our RSA friends would exercise some of those cheap warrants ... or better - all of them, tomorrow -g-

To: marcos who wrote (342)	8/17/1999 3:51:00 PM
From: marcos	Read Replies (1) \| Respond to of 413

More WillP - Author: WillP -- Date:1999-08-17 06:33:13 Subject: Question I received an email question, asking what the value of the DiamondWorks properties would be, if they were in Canada. It's a pretty easy calculation. DMW is in the first stages of production, with the main properties a year or three away. So...it's between Ekati and Diavik on the production scale: Well, if we assume that Diavik is worth $1.8-billion Canadian, based on Aber's share price, with $7.2-billion US in the ground; and assume that Ekati is worth $2.4-billion Canadaian, based on $6.0-billion US in the ground.... DiamondWorks, being somewhere in between the two has a 50% interest in a series of projects worth $3.0-billion US, so those projects would have a value of $1.5-billion US to DiamondWorks, and should support a current market cap. of $500-million. What's that? About $2.50 per share. It's a heavy penalty to pay for civil unrest. Of course, I think the price depression is also due to the financing fears, as well. Regards, WillP Author: WillP -- Date:1999-08-17 09:23:45 Subject: Another Point The recent private placements and deals has resulted in a few interesting transactions: a) The large share purchase by Ekuseni, and subsequent acquisition of Ekuseni by New Mining, would appear to be a bit of a vote of confidence in DiamondWorks. Given the voting arrangement, the typical comment "acquired for investment purposes" would appear to ring truer than usual. b) The participation of Elliot and of Westgate is another "investment deal", apparently. c) Buried deep in a previous news release was the fact that Invesco was picking up 435,000 shares and a like number of warrants. Invesco was the outfit that dealt some of the Venezuelan gold properties to Carson...the fact they are still participating in DiamondWorks would appear interesting, and perhaps, quite positive. Right now, speculative interest in DiamondWorks, among individual small investors, appears to be at a low. Regards, WillP forums.canada-stockwatch.com "... appears to be at a low." - hey, no kidding - chart.canada-stockwatch.com Better than a double by Christmas, i figure. Somebody will pay attention, sometime.