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

To: Lonnie who wrote (10)	9/23/1998 1:03:00 AM
From: sana	Respond to of 87

Lonnie Your comments reminds me of one of the mistakes I made this year. In January De Beers signed a JV with TNKR (property in Botswana). Prior to the signing the stock ran up from the mid .20's to around .90 cents. Before the ink was dry the smart money had bailed out. I was not among them. Without a doubt the smart money knew De Beers modus operandi. They took the money and ran knowing that De Beers would just drag their feet and sit on the property, and they have. After 9 months I believe they have started some sampling. I bailed out at around .30 it's closed today at .18 with a low for the year at .14. Pretty much says it all.

To: Lonnie who wrote (10)	9/23/1998 1:30:00 AM
From: average joe	Read Replies (1) \| Respond to of 87

I believe in some ways you are right. However, corruption exists in every country. DeBeers is at Fort a'la Corne as a science experiment. They have never witnessed so many large sill shaped kimberlites. They was hope early on that a diamond mine might exist. That hope is pretty much gone with one small exception. As far as Gerle Gold goes I'm curious. The territories pipes are very small, one rich pipe would not justify a mine development. A company would need several in proximity. There are some who say that Diamet/BHP might yet have a tough go of it in coordinating the development of their property. We shall see. over and out - aj