Sounds like it's Sierra Leone where they expect to produce first, and you wonder how much their experience and contacts in southern Africa can help them there, as it's a long ways away .... but maybe there's a lot to it that is pan-african
I played dmw poorly this time around, had overly limited ambition for it, didn't keep any freebies on the first rise, thinking i could get them back cheaper .... then it doubled again, lol .... now i'm in with less shares at 1.50ish, after starting to pay attention to what they're doing - they've got a lot going on, this pipeline deal for instance, for that they hired back Rainey from Southernera .... actually the pipeline news by itself sounded sort of pie in the sky, and of course it is iffy until it happens, but i recall the suf-ferors talking about RR before and during when he brought in those big placements at a good price ..... suf has turned, i think, by the way - 6.20 plus by monday, you heard it here first -g-
It's such a strange duck, Diamondworks, few seem to watch it, and the volume most days is next to nothing .... wouldn't take much to move it .... Centurion was on a list we were looking at here, that would have been after the first spike in april, when it settled back to .80ish ... so 10k boe/d is 3.65m boe/yr, right ... let's say they make usd10/bbl net cash flow, that would be usd36.5m/yr ... not bad for a market cap of cdn60m, no ... there's money to be made on that continent, that's for sure ..... well i'm going to miss tomorrow and a good bit of next week's trading, looks like, probably a good time for it, with gold taking a rest .... dunno about 'sell in may and stay away' this year, not in the quality golds imho - the whole silly post-'war' relief rally in the non-golds shouldn't have far to run, and whatever reaction bounce the usd might have won't last .... 'stay away' yeah, but not from gold value stocks, imho ...... we shall see, gulp -g- .... cheers |
