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Gold/Mining/Energy : Canadian Diamond Play Cafi
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To: WillP who wrote (4846)11/27/2006 1:17:41 AM
From: The Fix  Read Replies (1) of 16206
 
WillP,

That is the $64K question/concern with DSP. Raising money will not be an issue for Randy. With ABX on the line for 10% of the company, You know that they are the first call placed for the next round of financing after 33 takes their pound of flesh. ABX hates to be diluted from a position. What intriques me the most is that Wty.'s (Strike Price of $1.25) have been extended now twice (This I read as the most Bullish Sign) and all of the option paper is at higher levels than the current sp. Mind you that can be re-priced. Randy has always shown the horse slowly (Ala WSP days). WSP used to swing like a Yo-Yo from the mid .50's (Pre Antler Resources Days), To the Mid $4.00's and back down to .26 (ABZ diluted down of Snap) and back up within the year of DeBeers buying out at $5.00. DSP reminds me now much of WSP's Pre Antler Resource days.

I'm told from my contacts in Vancouver and I'm sure you can verify that securing drilling Co's and Field Crews have been an issue/problem for the juniors including DSP (All are chasing the NG bucks in Northern B.C. and Alta). Not to mention all the Lab backlogs/delays. I agree that Lena West is the prize and much of the budget has been spent there.

My bet is that Randy will have something of substance from Lena in the new year to shout about. The trading is telling me that this stock is under accumulation by the right houses (93, 88, 54, 1, 62. 33 one should never watch and the dummy houses 7 and 2 are on the sell side for tax reasons.)

Only time will tell.

fIXER
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