Barry - I don't think that's true, that VD = $3 stock price. For one thing, VDs are only to be expected, considering previous showings. A diamond of size, like Walt says, would change the equation. Also - consider that the bulk samples are two 100-ton samples, taken with an excavator and likely bagged on the spot. I doubt that they are going over them with a glass, they just want to get them in the bags and get them out to the lab.
Also - a flurry of trading just before a news release of material results is a sign of sloppy security, and I understand that Winspear is anxious to avoid any front-running or even the appearance of it - security is tight.
Funny thing - I called a guy who knows a guy who knows a guy etc yesterday, and the only thing he had heard was a rumour of visible diamonds. Guess where he heard it ..... right .... SI -g-
But it's no big deal, anyway, imho. What will move the stock bigtime will be a report of a significant kimberlite intersection in the lake. There will be a halt and then a news release on that. Imho.
........... cheers all .................. macros |
