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 : DIAMONDWORKS DMW.v -- Ignore unavailable to you. Want to Upgrade?

To: Tony O who wrote (77)	6/19/1998 7:30:00 AM
From: Wayne Rumball	Respond to of 413

No idea what colour the diamond is, but I believe the previous large stone was described somewhere as being slightly off colour or slightly cloudy, it's written somewhere on the Diamondworks sight. Regarding the warrants, aren't there more than 6 million outstanding? This too is on the diamondworks sight. Anyway, could be better for us if these warrants are not exercised (unless the owners of them are also large shareholders and decide to dump their holdings to punish DMW? Who knows.) If we do get to 1.65 before July 15, I will probably sell, if not, I will hold this for quite a while. Mining stocks in general are out of favour, so it will be very hard for this thing to move from current levels to 1.65 IMO.

To: Tony O who wrote (77)	6/19/1998 8:01:00 AM
From: Wayne Rumball	Read Replies (1) \| Respond to of 413

Here's the comment from someone that viewed the 50.2 carat diamond, Publisher: Rapaport Diamond Report Author: Matthew Hart, Mining Correspondent When I was there, they had a 50.2-carat stone on display in the recovery plant. It was off-color, but good enough to be valued for export purposes at $3,200 a carat - or about $160,000. Suggest the quality was not excellent, but if we were to use the same valuation it would mean a gem worth $742,400! That should help the bottom line:-) Shares and warrants Common shares issued and outstanding : 95.49 million Fully Diluted: 114.49 million Warrants 12,121,697 exercisable at $1.65 until July, 15, 1998