SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : TRIVALENCE MINING -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (442)6/23/2000 12:24:00 PM
From: PHILLIP FLOTOW  Read Replies (1) | Respond to of 527
 
From stockhouse article dated 6/21. "Roulston" was a panelist at a
recent diamond convention.
Roulston also mentioned Trivalence Mining [V.TMI], a Vancouver-based producer. The company has an 85% stake in the Aredor alluvial mine in the west African country of Guinea and a 50% interest in a South African deposit due to begin production next month, in addition to properties in Botswana and Quebec. Company officials excitedly informed StockHouse that a news release would be issued next week on the 10,000 tonne bulk sample taken from a possible source kimberlite pipe at Aredor. Roulston advised investors to "keep a close eye on Trivalence."

PHIL



To: Claude Cormier who wrote (442)6/23/2000 2:28:00 PM
From: Phil Cressman  Read Replies (1) | Respond to of 527
 
Here's a bit of the story. The alleuvials are generating a good cash flow and the company doesn't like to promote or report what they are pulling out and rely on the sales auction results to inform investors. That being said it is known that another pink diamond will be included in the June 27th sale and it's bigger than the one sold for big bucks at the last sale. What's it worth? Just a guess because with large stones it's tough to figure but could it be a million bucks? Yes but it could be $500,000. Either way it will give a nice boost to revenues and dollar per carat figures.

Supposedly another brokerage house is due out with a buy recommendation on TMI. The bulk sample was completed 4 days ago by MPH consultants and they're working on their report. The diamonds extracted are in Conakry being valued and will be sold on June 27th. A news release could be out by Tuesday but naturally depends on how fast MPH can move. They have a lot of numbers to work out but if the K23 pipe is economical this independant report will really put the cat amongst the pigeons.

Incidently I bought another 5,000 shares today, had to pay more than I'd think Kieth did but couldn't stand the tension any more and doubt that I could afford more once it takes off.