To: labonden who wrote (186 ) 5/1/1998 6:03:00 PM From: John Stella Read Replies (2) | Respond to of 420
Labonden As the IR rep. for the company i was a bit setback by your post. I would however like to rectify a few of your comments. But first, have you ever called, faxed or e-mailed us for information in order to do a proper due diligence? (not to my knowledge) If you would have taken the time like many potential investors and shareholders do you would have quickly found out that NORA is not a PROMO play nor a PUMP and DUMP. As for the treatment plant, it is now operating at between 45-50 t/hour. The first shut-down was to combine two 8 t/hour plants together to form one unit capable of treating 50 t/hour. Our on-site manager, despite claims from the manufacturer (Dobson) that it would never work, performed his "magic" and proved he was right, Dobson made him a job offer to work for them !!!! The second shut-down was due to the Christmas Holidays, by the way in Africa they do celebrate Christmas and the plant closed for the whole month of December. It was then decided to take advantage of the closing to transfer the plant from First Rock to Jammerbucht. After all the necessary adjustments were made the plant was operating at full capacity at the beginning of february. As for the diamonds, our resource is pegged at 3-3.5 million carats on the land portion only which represents 17% of the total concession at Otjua. READ THE REPORTS As for the company being a "joke", well speak to the brokers, analysts, investors who know and follow the company closely. 1998 will be a great year for the company and its shareholders, too bad you won't be along for the ride. Best of luck, John 1-888-666-3431