The markets are just not into diamond plays with all the high flying net crap out there. If CDR had these connections 2 years ago, this would have been a $5.00 stock and CDR would be able to have a little lee-way in terms of financing.
This alliance they now have gives CDR ALOT if credibility. Think about it, the largest diamond company in the world is spending $2M of there own cash in the hopes of finding a few rocks! I realize 2M is a drop in the bucket to a company like De Beers but it is telling the world the CDR may be sitting on something pretty good....rememeber Argile...
I also liked the fact they are not throwing ALL their resources into one or two areas like so many small caps out there.
In my opinion, the news is very good and the way I see it, the stock can only rise if nothing more than speculation. Not to mention our market has now grown. If I were an Ozzy and wanted to invest in some diamond plays in myown country, the name De Beers would definitely be a drawing point, don't you argee?
Regardless, these prices are great and accumulating is what I am doing. Whoever wishes to sell their shares in the teens, thank you... As mentioned before, diamond companies are not in fashion at the moment, but rest assured they will be soon. Commodity prices are now moving on an up-ward trend, the Can$$ is gaining strength against the U.S not to mention other G7 countries and my favorite of them all, my crsytal ball sitting on a pedistool in the shed is telling me, "flip buy, flip buy..." what can I say....
Any comments from anybody will be welcome. Hey Jason, it can't hurt if you say hi and maybe answer those questions I posted the other day. What are you waiting for?? Let's get this ball rolling!!!!!
go leafs go
flip
p.s: anybody out there interested in a great BB Tech play. Check out Jawz. Canadian company who has a 4086 bit encrypiction code for your everyday use. I'm a huge fan. Since I've found this company I'm up about %125.00 and I am nowhere near selling! |
