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Gold/Mining/Energy : DIAMONDWORKS DMW.v -- Ignore unavailable to you. Want to Upgrade?


To: trilobyte who wrote (131)12/29/1998 8:55:00 PM
From: Kevin Hamlin  Read Replies (1) | Respond to of 413
 
<<<Kevin i don't want to sound like i am spitting in the coffee ..>>>>

Hey, not at all Trilobyte! I'm digging for answers to a lot of the same questions. I think we're talking a matter of scale here. The "main large scale" fighting is hundreds of kilometres away as noted. The attack on the mine was MUCH MUCH smaller scale and I think caught DMW unprepared. Yes, (also as noted) if the fighting were to move several hundred kilometers towards where the mine is there is nothing that DMW could do except wait it out.

One point they noted was that a number of mines continued to produce the last time there was fighting in Angola, i.e., fighting in one region certainly does not shut the whole country down. Hopefully with DMW's beefed up security in place and strong reasurrances from the government and their troops that this will not happen again, this downside scenario will not become an issue. Again, I think a lot of people are hearing "fighting in Angola" and not really taking a look at history and/or geography to see how mines continue to operate and where they are in proximity to where the fighting might be actually taking place.

Regards,

Kevin