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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?

To: 1st.mate who wrote (1077)	1/13/1999 7:54:00 PM
From: 1king	Read Replies (1) \| Respond to of 2522

#1 There is some impact as it effects Rex concessions, however this uncertainty has long been discounted in the Rex price, therefore any bad news should already be factored in the present price. While SL appears as an uncertainty it represents the lesser of the two "blue-sky-potential" plays, the other being Mauritania. Obviously with the most recent news the latter has far greater short term impact on the share price, not to mention the long-run benefits. The good news from Mauritania IMO has only been discounted by profit taking and I think this may be the lowest (1.10-1.25) we see for a while. A solid diamond producer with mines valued in the billions and also most likely in on the ground floor of the next big global diamond play. A fair bit of debt, but production increases ("75%/man") and recent restructuring should take care of that. My favorite junior stock since 1996 when I bought it at 2.70 and sold at 5.15. The biggest "quam" I have is the European control. Strange market-price grabs off the bell and other oddities in trading patterns are kinda puzzling. However it still does not take away from the potential this stock holds. In my opinion only, FWIW. L8R 1King