Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?

To: George J. Tromp who wrote (2461)	8/2/2000 8:46:05 AM
From: PHILLIP FLOTOW	Read Replies (1) \| Respond to of 2522

CEO Serge Muller raises his stake in Rex Symbol: RXD Trading: Toronto Stock Exchange ANTWERP, Belgium, Aug. 2 /CNW/ - Mr. Serge Muller, President and Chief Executive Officer of Rex Diamond Mining Corporation, today announced that he has purchased an aggregate of 600,217 common shares of Rex through a private agreement with a person resident in Europe. As a result of this acquisition, Mr. Muller currently owns, directs or controls 20,600,000 Common Shares, representing 30.5% of the 67,380,146 Common Shares that are currently issued and outstanding. The acquisition represents the maintenance of Mr. Muller's strategic investment in the company. Rex Diamond Mining Corporation is a fully integrated diamond mining and marketing company, active in all facets of the diamond industry. With exploration in Mauritania and South Africa, mining operations in South Africa, rough marketing and polishing activities in Antwerp, the heart of the diamond industry and now on-line retailing of exclusive Rex-branded diamond jewellery (http://www.rexdiamonds.com). From mine site to website, Rex covers the diamond world. %SEDAR: 00008443E -30- For further information: Cassandré Newton, Corporate Development, Rex Diamond Mining Corporation, Email: cassandre@rexmining.com, Tel: +32 (3) 205-9060, Fax: +32 (3) 205-9070, Website: www.rexmining.com, www.rexdiamonds.com, E-mail: info@rexmining.com PHIL

To: George J. Tromp who wrote (2461)	8/9/2000 8:01:01 AM
From: Bob Fairchild	Read Replies (1) \| Respond to of 2522

Hi George. This deal looks a hell of a lot better than the one that Ashton got from Diamet for their Mauritania property. On a comparative basis Rex would end up with $20-$25 million invested from DeBeers for a 10,000 sq. km. block vs. $10 million Ashton would receive for 209,000 sq. km. of exploration from Diamet. Taking into account that Rex's deal was for 60% and Ashton's was for 49 % we end up with the fact that DeBeers is willing to pay: 2.5 x 21 x 49/60 = 43 times what Diamet is going to pay per square kilometre. This is quite a significant premium and would indicate to me not only the deal making ability of Mr. Muller but that DeBeers has more than inkling of the potenetial of Rex's claims. The ability to use DeBeers to finance Rex's share of expense will insure that they get the best of both world's for the next step. I seem to remember that some misinformed individual was a few months ago spouting about Ashton having the best land position in Mauritania but this would certainly indicate otherwise. I was buying yesterday at $4.25 as I don't expect this drifting down in share price will last very long. Bob