It's clear the market gods have hyped ACA heavily and the faithful are buying in. The results are spun just the right way, and any information that sucks is left out, but that's par for the course.
If a company gets lucky and finds a big diamond, they immediately start quoting carats/tonne,...if they fail that, but get macros by the skinny definition of one dimension > 0.5 mm then they trumpet that. Fact is, neither means much in terms of making a mine until they start sampling 100's of tonnes instead of 100's of kilograms.
However, ACA is primed and ready for pumping, and all they need is that big diamond, so for that reason serious diamond stock nuts must have some,...hence there is a few in the cage.
I like the dynamics that are evolving between Kennecott and Ashton in the Rio Tinto group. They are definitely competing for money and attention from the parent, and Ashton looks a lot cheaper to run, and has a more entrepreneurial structure than its big brother. Better yet, we little rodents and insects can grab a share and participate. |
