OK - I definitely have some questions now:
The Company signed an agreement to issue 6,150,000 shares of common stock as consideration for the acquired Autogenous Impact Mill Technology. The shares have not been issued as of June 30, 2015.
I am assuming this will be from the non-issued shares meaning some dilution. Not huge but worth noting. The bigger question is what is it for and what does it mean by "acquiring autogenuos Impact Mill Technology"? The technology already exist.
SAG is an acronym for Semi-Autogenous Grinding. SAG mills are essentially autogenous mills, but utilize grinding balls to aid in grinding like in a ball mill. A SAG mill is generally used as a primary or first stage grinding solution. SAG mills use a ball charge of 8 to 21%.[6][7] The largest SAG mill is 42' in diameter, powered by a 28 MW (38,000 HP) motor.[8] A SAG mill with a 44' diameter and a power of 35 MW (47,000 HP) has been designed.[9]
Attrition between grinding balls and ore particles causes grinding of finer particles. SAG mills are characterized by their large diameter and short length as compared to ball mills. The inside of the mill is lined with lifting plates to lift the material inside the mill, where it then falls off the plates onto the rest of the ore charge. SAG mills are primarily used at gold, copper and platinum mines with applications also in the lead, zinc, silver, alumina and nickel industries.
Could be that their intent is to grind larger diamond particles down more for commercial uses including possible doping of chips. But without any more information it is hard to say. I cannot think of any other logical explanation.
The fact that they entered into a tentative agreement does show they have something planned and are working on it.
If it is significant and they put the news out when ready stock price could explode :) I know that hurts everyones feelings.
