Global Diamond Exchange, Inc. (GBDX)

[texas tom]

I will explain why GBDX replaced the two Russians on the Board of Directors of GBDX. They were replaced by two South African blacks. Also, why GBDX relocated to SA. South Africa introduced a "use it or lose it" policy in mining about 2001 that granted the Prime Minister discretionary powers to strip mining companies of their mining exploration rights in the interest of BLACK EMPOWERMENT promotion. Small and junior mining companies employ 20% of the mining workforce. This legislation allows for the confistication of mining properties that are not worked on by the larger white owned companies in South Africa. Small mining companies can now negotiate with the SA government to be granted concessions to the confisticated properties. This will work favorably for GBDX.

THERE MAY BE A RESIDENCE REQUIREMENT IN SOUTH AFRICA THAT GBDX IS FULFILLING. This is before they can do anything there.