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

To: Abbeydale who wrote (195)	1/5/1999 4:01:00 AM
From: Chas.	Respond to of 413

Hi Abbeydale.........It really is tempting to buy in at these low prices.....but it could be .05 in no time flat....agreed! for years the fighting has gone on and seemingly life has gone on around the fighting,as usual, however things are more sophisticated today with the Internet and satellite phones, etc....the only hope I see for Dmw and a few others is that both sides are intent on lining their own pockets and that alone could keep the mines open with the right payoffs unless the smugglers become even more sophisticated and greedier......shaky at best...too many other safer ways to invest my money...........pork bellys here I come................

To: Abbeydale who wrote (195)	1/5/1999 7:08:00 AM
From: Kevin Hamlin	Read Replies (1) \| Respond to of 413

Chuck and Abbeydale: Of course everyone needs to weigh their own risk/reward tolerance, and both of you seem to come in on the side of caution which is certainly fine. My own long term tolerance on this one is non-existent with my short-medium term tolerance being closely monitored as things develop. I find the fighting in Angola very disconcerting in a humanitarian sense. As it relates specifically to the mining, DMW has pointed out that mines have remained open and operational during other periods of fighting in Angola. (speaking historically here). As well, specifically to DMW, the Luo mine remains open and operational as we speak. For myself, what I feel the most "jumpy" about regarding DMW's position is the "random" attacks by the rebels that don't make a whole lot of sense....a.k.a. shooting an Observer plane down, or attacking the Yetwene mine. The rebels are showing themselves to be unpredictable, which makes any assessments difficult as to their future moves. Again, speaking only to my own risk tolerance, I "stomach" this risk by considering the following: a) The attack on the Yetwene mine was random and not part of any concerted effort to shut mines/mining down. There are too many other mines that remain open that have not had this happen to them at all. Furthermore, there is no historical precedent for mine attacks either. From what I've been able to find out, it seems to be a singular random event. b) Both sides need the mines open, as noted in the article. c) I think the downside/fighting is already factored heavily in the price, with the price further artificially depressed by selling such as Octogon's in December (tax-loss I think) So could you two be right? Absolutely. Could I be right? Absolutely!....and so goes the market of buyers and sellers. Best wishes to everyone as you weigh your own risk/reward tolerances. DMW is certainly not for everyone! It makes me nervous too and that's why I've spent much more time than I normally would learning/researching as much as I can. For me, for now, I'm glad to be in DMW....and as with everything I've ever invested in, I'm sure in no time I'll be patting myself on the back or saying I can't believe I screwed up....again! Cheers, Kevin