Global Diamond Exchange, Inc. (GBDX)

[texas tom]

All may not be lost. I have investigated the black economic empowerment policies (BEE) of the new pilot program adopted by the South African ( SA ) government. The SA government is encouraging a move towards cutting and polishing diamonds within the framework of BEE. This is in addition to encouraging production increases from existing diamond mines. GBDX wants to polish and cut diamonds in SA. Also, to stay in the wholesale area of diamond sales. There are some excellent local black owned diamond producers who might be a suitor for control of GBDX. deBeers has recently sold their interest in the second largest diamond mine in Limpopo to a Canadian company. They might be a suitor as well.

It sounds like African not Dutch personnel have assumed official responsibilities of GBDX. This will not help the Dodge group and the "Sib Almaz" group. I see the $12 million dollar nest egg overseas evaporating. A revocation does not look likely.