Global Diamond Exchange, Inc. (GBDX)

[texas tom]

Much of South Africa's oil and gas is offshore. SA produces 199,000 BOPD. In addition, SA has 318 billion cubic feet (bcf) of proven natural gas. These figures are as of 2008. The majors such as Chevron are getting active in offshore oil and gas development. SA has a well developed synthetic fuel industries. Only 10 countries have an industry which is larger. The country is strong financially. The Johannesburg stock exchange (JSE) is one of the strongest and most stable in the world. I am posting this information in the hope that the new management of GBDX is savy enough to take advantage of what South Africa has to offer.

The black economic empowerment act (BEE) has done much to transform South Africa. The white only companies have until 2014 to turn over 25% or more of their assets to black ownership for compensation.