Jim,
$300 million too conservative? Based on what? My god, I would short every last share if I could.
EVEN WITH A SUPER FIND RESULTING IN A WORLD CLASS DIAMOND MINE,
EVEN IF THERE WAS ANY WAY OF PUTTING SUCH A MINE INTO PRODUCTION AFTER SEVEN OTHER MINES IN THE REGION ARE ALREADY PRODUCING,
EVEN IF THE NATIVES COULD BE CONVINCED TO SIGN YET ANOTHER DEAL FOR A DIAMOND COMPANY ON THEIR LAND,
EVEN IF THIS WORTHLESS LAND SUDDENLY BECAME WORTH SOMETHING,
ALL VERY REMOTE REMOTE REMOTE POSSIBILITIES GIVEN THAT THEY HAVE NO ONE WITH ANY EXPERTISE AND HAVE BEEN FLYING AROUND THEIR LAND FOR FOUR YEARS WITHOUT FINDING ANYTHING WORLD CLASS,
EVEN THEN,
THE STOCK WOULD BE _FAIRLY PRICED_ AT CURRENT LEVELS.
All the other non-event diamond companies have market caps of 2-10 million. What makes this one worth $300 million? One of the world's all time best scams. Good trick, stake the most land, issue the most shares, and fleece 'em good.
Ok I'm done, anyone else? |
