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Gold/Mining/Energy : DIADEM RESOURCES - DIR,M -- Ignore unavailable to you. Want to Upgrade?

To: Iceman who wrote (794)	12/10/1997 8:15:00 AM
From: Dave Tan	Read Replies (1) \| Respond to of 897

I agree with you all that Diadem's share price has been falling due to falling gold prices, shrinking of cash funds and a lack of earth shattering news. However I have to disagree that Diadem's management is to blame for all this. They are a little slow getting their properties developed , but they have been reporting steady progress in Nicaragua, California, Quebec and Indonesia. for a small company that is pretty impressive. What I hope to see next year is Diadem approaching producer status in the form of Waseco and Nicaragua, that should provide some cash flow (cost at $115 and $200 repectively). Right now they need capital and it looks like a rights issue will occur, I don't like any form of dilution, but what has to be done has to be done. Historically, junior mines drop in Dec and rise in the spring.