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


To: drj who wrote (2214)1/12/2000 2:10:00 PM
From: LAURIE SELINE  Read Replies (1) | Respond to of 2522
 
dj: The problem I'm having with your doomsday scenario is that the usual players don't appear to be present on either the buy or sell side. Judging by the trades I've seen over the past couple of days, this appears to be a North American circle jerk. The Belgians don't appear to be blinking, let alone going blind. So, you tell me what the punch line is going to be?
LOL - L.



To: drj who wrote (2214)1/12/2000 2:38:00 PM
From: russet  Read Replies (2) | Respond to of 2522
 
Hamster grunts, to dumpers,

Many of us longs, got in at the $0.90 range last year on rumors the President was buying stock, and Sierra Leone war might be running out of steam, hence Rex could start mining its enormous reserves there. Then diamonds were discovered in Mauritania amongst copious amounts of diamond indicator minerals, in areas never before explored, but in line with known cratons and fault linaments. Then Rex announced they were setting up a Internut site to sell diamonds, jewelery, and possibly Mauritania and Belgian souvenirs,...clearly this alone should give us a $100 stock price (ggggggg).

I speculate that most of us longs have sold off some of our initial positions, so that we now hold freebies or very cheap shares, and have booked considerable profits. I don't know about the others, but I was blown away by this stock going up to $15, but I can't say that it is overdone based on what I see happening all around the stock markets these days (based on considerably more BS), and based on what happened to the junior stocks that explored in the NWT that culminated in the Ekati and Diavik finds. I suggest the bears on this thread visit the history of Ekati.

http://www.diamet.com/version2/history.html

Keep in mind that Dia Met hit a price of $66 before any bulk sample results were known, and only a year and a half after the first diamonds were reported to be recovered.

Arguments that Rex doesn't deserve this price, at this stage in the speculative cycle are not based on history of mineral exploration at all, but are more likely to be the product of "dumpers" shorting the stock, or people who are pissed off missing out on the initial climb, and want the stock to go down so they can scoop up some cheaper shares and ride the next speculative wave. Another bizarre feature I continue to see and wonder about, are those idiots that settle a personality conflict with another, by trashing the stock the other is promoting. How old are these people? Five,...wah, wah,..I'm going to tell my mommy. :-)))))

I don't mind shorters etc., making money on the inevitable ups and downs of a stock. But to come to a thread and pump your crap, over and over again, puts such dumper people in the bullchiter category, just as constant pumping does.

Fact is, no one knows (neither pumpers or dumpers) what the future holds for Rex's Mauritania diamondiferous pipes. They may be economic, or they may not. Take a chance, chit your pants. Just spare us the negative bullchit, because we have already been proven right to hold this stock for a year or more (10 to 15x bagger), and don't care what the rest of you think. We recognized the signs were present a year ago, for this stock to head north. :-)))))

If you want to be useful,...come up with another stock whose management and board are buying huge quantities of shares on the open market, and staking large tracts of land, or promoting some great new discovery, product or service. I think that many of us Rexites could use such information to funnel our profits into. One must diversify. :-))))))

Failing the above, sit back in your chair, blow your nose, wipe your eyes, and wait for new exploration results with the rest of us. Clearly, many of us here think the results will be positive enough to drive the stock to higher highs, like the $66 Dia Met attained.



To: drj who wrote (2214)1/13/2000 12:39:00 AM
From: The Fix  Read Replies (1) | Respond to of 2522
 
Maybe the intellectually challenged do not realize when someone is throwing them a life vest. This is post BXMF and not much Investor Cash is left in the Resource Sector. NASDAQ is such a vacuum of Spec. Cash these days. ABZ, DMM, HXG etc. all made the runs Pre BXMF. Anyone can eat a float, Hump and Dump to Europeans or Asians. The problem is that these "SLAPNUTS" piss off Euro money, leaving not much for respectable projects like Diavik, Snap or Inco's Voisey Bay to raise capital abroad. This would be another black mark against Canadian Markets IF RXD came up short of expectations. Serge and Luc have built such hype off of nothing. The Market is always right. My bet is that RXD will hit .35 before it hits $35.

fIXER