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Gold/Mining/Energy : De Beers: DBRSY -- Ignore unavailable to you. Want to Upgrade?


To: average joe who wrote (7)9/22/1998 7:51:00 PM
From: Lonnie  Read Replies (1) | Respond to of 87
 
Hi Joe. I also thought it was one of the best books I had read.
I posted back in April(?) on the KRT thread a few thoughts on their future since they are partnered with Monopros, a subsidiary of DeBeers.
I think any company that partners with them are toast.
Gerle Gold, Kensington and whoever else signs with them.
They don't need or want diamonds to be found, they have millions in their vaults. IMO they will use any trick in the book to stall, not drill, force companies to have to do expensive drilling that they don't have the funds for and then buy out their interest etc, etc.
I see you are a big KRT fan too<g>.
Take care. Lonnie.