must be a sell now, page-5

cqt a buy now darth, read this article Darth,

If CQT can manage a large diamond resource they may be in talks with De Beers soon, what do you think Darth? Check out this article below in:

Australasian Investment Review

19th Jan 2005

De Beers Looking For Partners In Oz

January 19 2005 - Australasian Investment Review – (AIR)

The world’s largest diamond miner, De Beers Group, has
decided not to spend any more funds on direct exploration in Australia with the company’s exploration
manager in Australia confiding to Resource Investor De
Beers’ future exploration in Oz will go through partners
instead from now on.

The switch in strategy has an interesting angle due to
De Beers’ accumulated tax losses over the past 40 years which are thought to be no less than "massive". Rumours that De Beers had been looking at a deal with its current partner in the Ellendale diamond project in the West Kimberleys, Kimberley Diamond Co (KIM), last year may have been a precursor to what investors can possibly expect over the coming months from the local rumour mill.

After all, it is only logical to assume that De Beers
will try to find compensation for its accrued tax
credits, despite it no longer walking the exploration
path on its own. Key in the whole strategy will be
whether the ATO accepts any transfer of the losses into another corporate vehicle.

Copyright Australasian Investment Review.
AIR publishes a weekly magazine.