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

To: virginijus poshkus who wrote (1448)	5/23/1999 10:43:00 PM
From: Dave Duggan	Read Replies (3) \| Respond to of 2522

Touche on the writedowns but I have not kept track of carat prices so I wouldn't know if that is the reason or not. Yes the diamonds were small. Not 3mm but .315 mm and .5mm - that is one half of a mm. Second Debeers does deals with companies to keep their diamonds OFF the market. The worst thing that could happen to debeers is for a lot of diamonds to come onto the market. A deal with debeers is the kiss of death. Better for a company to team with anybody else. I know the odds are against this company and other diamond companies. That is why the payoff is so big. I will tell you something that will make you feel good after I buy some stock on tuesday.