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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?


To: George J. Tromp who wrote (1779)10/15/1999 8:21:00 AM
From: Bob Fairchild  Read Replies (3) | Respond to of 2522
 
Hi George,
I am not worried in the least by Teevee - as past history
has allowed me to double my money on Rex while he incessantly rant and raved about it's prospects. He is
in the habit of outright lying sometimes to suit his own selfish motives.
Rex (through Serge) was in Mauritania looking at the prospects well before Ashton. Ashton however came up with the first leases but screwed up due to a number of factors:

1) their chief geologist could only speak English and was not able to consult and interpret the old geological maps of the 1950's written in French - Luc Rombouts on the other hand speaks 4 languages and did his homework on the available data.

2) Ashton did not take consideration of wind patterns when they studied the dispersal patterns of the diamond indicator trains. It now looks like the source of their diamonds/indicators were from Rex's leases. It will be noted that once Rex found the first of their diamonds in Mauritania that Ashton made a mad scramble to pick up property around Rex's leases.

3) The offer extended to Diamet was originally offered to Rex which turned them down having full knowledge that they had the better land position.

Ashton may have been first for SOME of the leases, but history will prove that they made the wrong gamble.

P.S. Serge is saying he expects the stock to hit $60 a share.

Bob