Collage of comments:
Scruff at SH had this to say about the AGM:
stockhouse.com.
There were approximately 40 people there. Not an overly
large showing. The business portion of the meeting took
15 minutes. The issuance of 73 million shares private
placements passed. During the rest of the meeting, Herman
gave a presentation on the diamond properties. He said that
when he speaks about the pending results coming out, he is
now speaking in terms of days rather than weeks. There
have been several companies, including Debeers offer to do
the sample processing for free but they were turned down in
favour of Lakefield because it is an independent lab.
Herman has been approached by other companies regarding the
possibility of a JV however there is nothing ongoing at
the present time.
Artie, Re: "Decreasing price with increasing volume ...is
that the sound of one hand clapping? " - Good one! But soon
increasing volume will happen for sure. Direction? I don't
think a lot in terms of grade is needed to increase share
price, if quality and size remain is there. Here's what WP
had to say 3 months ago tomorrow:
"Actually, I didn't quite say it would be difficult to
attain $75 (U.S.) per tonne. I said it would, if the grade
was low. If the sample turned out to have a 0.5 carat per
tonne grade, then you only need $150 (U.S.) per carat.
That's certainly not unrealistic.
If Twin's stones really are of great quality -- and they
have a coarse distribution curve -- then $250 is doable, by
the way. A sign of a coarse curve would be finding a five-
carat stone in the 250-tonne sample."
Which reminded me of the contest, FWIW:
Biggest Grade Value per
Diamond c/tonne Carat($US)
Letmebe Frank 5.1 carats 0.3 $250/ct
Will P 3.3
Russett 2.0 0.2 85
SH rumor 50.0
bill 2.5 65
Bob Fairchild 4.5 0.25 175
jpthoma1 8.34 0.34 89.67
Vaughn's calc's 0.225 155
chuck 10 4.0 200
HUGEROCKS 4.77 0.39 186
COPPERMAN 2 0.5
railroad 8 1.2
don jackson 3.9 0.26
teevee (if green?) 1.8
teevee (otherwise) 0.3
Message 17081716
Hi Vaughn - Thanks for defining the 'Moho' for me. So a
deep mohorivicic discontinuity over a large area would
define a craton? I'm not sure that I really need to
understand this, but trying to think in geological time of
billions of years, and understand how things unfolded, is
quite a fascinating and challenging endeavour.
There are still some sub .50 shares to be had, for those
who haven't averaged down, or placed their bet. |
