HI ADRIEN; I share extreme optimism in the project going forward. The
reason I picked those numbers is I dont want to mislead anyone who
might be unfamiliar with how diamond stocks trade and the volatility
associated with them. I have owned several over the years, and will
be the first to admit, in the beginning like many made some unfortunate choices, on the otherhand I learned from my mistakes, bit
the bullet so to speak and tried to learn as much about what the business as I could. I bought Aber early on and was very sucessful, but also went to school on a few others. I have learned some lessons
along the way and the intent I have on this forum is to help others
understand how to assess the fundamentals and try to determine what a fair value should be attached in any given situation. At this point in time I feel the current price is fair however as we apprach drilling
it will move up. How it reacts after the first core is released is anyones guess, but will depend mainly on market expectations, therein
lies the oportunity so to speak. Some people will blow the results off
and sell, some will say to the moon alice and leverage to the hilt.
Therein lies the key, being able to assess what the market will pay
up for or down for. A tough rope to cross, but if you educate yourself
study situations where other events have occurred you will get a feel
for true value. When I owned Aber I used to be astounded at how they
released great results and the market sold off, but I also learned
that those times can be the most rewarding is you can anticipate
what true value is. Here is an example, I believe 2 years ago in Feb
when Aber was awaiting mini-bulk sampling on the 418 pipe. A friend of mine knew I owned Aber. Aber was trading 5 to 6 with a lull between drill results. He bought some and has watched it go to 17.5
and back down to 13 and change. He is so comfortable with the fundamentals, you couldnt pry thos shares loose with a crowbar today.
You and everyone else will find a comfort level and hope I can be of assistance to achieve that for all the shareholders. The objective I
feel going forward is to lay out in an unbaised fashion realistic
expectations. That being said, when the drilling starts and the results start coming feel free to contact me and I will help in any manner. I would also be interested in hearing more about the article
maybe together we can glean some insights.
Sincerely
George
|
