Brian,
I have no axe to grind and I am not a shorter. I am just looking to this thread for some direction on what the stock will do Monday so I can, maybe, trade it (call me an evil capitalist, I don't care).
In my DD over the past several months, reading analyst comments and the comments of others, I can honestly say that this is very bad news. Read this:
Message 9876406
That is a potentially unbiased view of the values of diamonds at Snap. Under $200 per ton is poor (ie <200mill to mkt cap).
If some posters would like to give me some direction on the true value of Snap after this release without all the hype (as Paul has) I would be eternally grateful. As for the others, I do feel a lot of sorrow for the long holders, as I have been there before with other stocks, and truly hope for the best for you and the current state of the Canadian exploration landscape. I wish the news was good, as I would like to trade a stock going up when everyone is on the bandwagon, than going down, but facts are facts.
Any thoughts are gratefully appreciated and good luck to all.
Dean |
