Mornin Sam: The SUF chart has suffered some technical damage.,
IMO it should bounce back to the 10.50 range., but the large gap on
the downside., will take time to fill., with an upper limit to around 12.50C. So near term that would be my best estimate until the fundamentals., once again dominate the technicals.
Looks like the speculators have all but moved out of Winspear., and
now the time is approaching for a serious move. Over the course of
double hits by Bishop., and others., it would appear the man on the
street has moved on., which is a bullish sign IMO., So I will be adding
more shares shortly. Wsp has around 6.0mil in the til., and the money
and expertise to develope there target areas next to Diamet. A potential 5mil asset near surface., after the dykes are reported on should move the stock much higher from current prices. As I recall
sampling will be ongoing and target definition on the contiguous Diamet parcel this summer. It would not surprise me to see drilling as
well., since some of those targets are well advanced. If people think
this stock is going to .50C they will have a long wait. Keep this in mind., if the dykes come back with good counts., there is no reason.,
that further drilling wont occurr on the dykes this summer as well.,
any near surface source will be developed regardless of whether it
contains 5mil tons if it is valuable enough. 87% transparency on existing diamonds., tell me we have 1. gem quality 2. excellent counts., 3. the last story to unfold and the decisive element is how large and what colors. I would begrude anyone to try and tell me otherwise., that should some large yellows., pinks., or greens appear.,
that this deposit will not stand on its own.
For the rumor mill only.,, the recent moves by DeBeers share price.,
could be attributed to the 7 pipes which they have discovered more
than likely on the 100% claim blocks. That is the word on the street.,
at least the alley ways I sometimes traverse.
Be looking for some updates Sam
Sincerely
George j. Tromp |
