Hello Frank
I don't dislike DB's because of the strategy you referenced, in fact, quite the opposite. If not for their world market domination, diamonds would not be worth what they are and accordingly investing in Canadian junior diamond plays would be far riskier and offer far less profit potential.
I am quite happy to have DB's control the majority of the market thank you. What I would not be quite so happy about is having them as a partner on a junior on which I was speculating. Not that their involvement wouldn't lend credibility to the play, but it would stretch the time I would have to hold the junior quite considerably before I saw a truly exciting return and just as probably, the % of the play retained by the junior and the dilution of the junior vise a vie my number of shares would erode that excitement down to what I might have made in a REIT over the same time period.
No, I want DB's in the game, its just I don't want to own a junior play they buy into.
I would agree with you regarding DDN and SRM especially the former right now as I am concerned about market reaction on SRM's lab results due to the small sample sizes they are taking. Accumulating both on any retraction should be a very profitable strategy over the next few years.
Would love to take you out to the East Arm for a few days if your ever up this way but not this year as I am far to busy.
Regarding catching them, yes. Quite frankly, on the right day and in the right place, all you have to do is wire a hook to a beer can or a fork and drag it in the lake and you'll catch all the Lakers you want. What can be even more fun is catching Grayling. Their are of course much smaller, but are so beautiful to look at you never tire of them and when schooling, you'll get one on just about every cast.
One day then Frank - its a date...
Good luck
Regards
Vaughn |
