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

To: LAURIE SELINE who wrote (1200)	2/26/1999 1:22:00 PM
From: Tom Cat	Read Replies (2) \| Respond to of 2522

Laurie, What was wrong with the first target?....I was long on this one and worried that Rex is diverting away from what was supposed to be the primary target, if the first target was good enough, they should be already poking a few holes, the major difference between REX and other companies like SUF, WSP or MPV, is that REX is very vague a bout what they are doing in the field, for instance, do you know if they have drill targets?....if not, why?, it is going to be a year since they got into a place where they can explore year round (not like NWT). I sold my position in this and will not buy back until I see a clear announcement from REX as to how commited they are to exploration, are they going to ever break even on their currently loosing operation at SA?...these are questions that any investor should ask . Good luck and I hope REX can read this and clarify what exactly is going on in Mauritania, put some maps, show where you guys are exploring, what was done where, describe the geology, not just micro count. On the positive side, the fact that they found micros and macros at this early stage is promising, my complain is that there is not enough info for me to judge if this is significant in the overall context of the exploration. TC