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


To: Andras who wrote (1376)5/17/1999 9:32:00 PM
From: virginijus poshkus  Respond to of 2522
 
andras, the situation is two prong, the war in SL is about over, we have a concession with 3.5billion is stones. grass roots in mauritania could be the reason for this move, serge has been a buyer since we found the 3mm stone, apparently he knows what the hell is going on . he keeps on buying, that is enough for me. we have kimberlite pipes, we are on a crayton. there must be something big happening. luc has bought stock, the volume is still low compared to the shares out. so without any news, i take it that insiders are buying on the cheap. those who bought today are looking for more than a 10% move. i look at this as a very positive event. but, caution is not a bad stance to take. say the stock sees $5 tomorrow or next week. is a profit a good think. of course so. with a 5 bagger i will unload some too. but in the long run i think there is more to this move than appears on the surface. someone must have seen some real big stones in mauritania. i can tell you that.

good luck.

v



To: Andras who wrote (1376)5/17/1999 10:53:00 PM
From: LAURIE SELINE  Read Replies (2) | Respond to of 2522
 
Andras: The President owns 30+% of the stock and is buying more at market. What more do you need to know?
Come back and visit us again at 5 beans. I've been there.
Happy investing,
L.
PS: Who are George Hassen and Nicholas Gates? Sorry, but these names aren't familiar.
PPS: Nice call Vargas even if you're a few days EARLY. It's been a while, so let's be early from here on in. I can't follow every trade, but I saw DS buying in the a.m. at 2.60... 2.70. I think he's still buying.
Good luck all



To: Andras who wrote (1376)5/18/1999 5:27:00 AM
From: Bob Fairchild  Respond to of 2522
 
Andras, as we all know, Rex also intends to market their diamonds over the internet. This would be a natural extension of what they already do except now they would be selling their sorted and cut diamonds directly to the public. We have diamonds in South Africa and soon to have a supply from Mauritania and most likely more from Sierra Leone towards the end of the year. The ability of Rex to market their diamonds over the internet can not be underestimated. This is well within Rex's reach. This company has no joint venture partners so the leverage is immense for any of these endeavours. I still say $10.00 by the summer for starters ! And you know what, I'm not even nervous.