Correction. Not dilution. Short term traders playing the
charts and technicals, and MM's shaking the weak out.
Congratulations on doubling your money. Many of us have as well, and are still holding millions of shares for the large pps run coming soon. Nothing wrong with playing the short term game for some gains.
Facts to you: WWCD, prior to buying GBDX for the purpose of substantial gains in the diamond market, made +$12M last year; profitable and successful. You are correct that the mgmt.(platform) has changed symbols several times over the last few years. For good reason. Each time, like with merger into WWCD, have done very well and then sold off and moved on to the next oppty. As is the case with GBDX.
To address your statement-The reason the people (traders) will gain interest in GBDX again is not the opening of the offices prior to 11/1; which is yes validation of the business enterprise. Moreso, strong large holders are holding with no loss, for the news of a merger or partnership with either Alrosa or another strong Russian co. to provide diamond inventory thru GBDX. The revenue potential is huge! I am holding 3.64M shares with no loss and will continue to add as weak hands are shaken out.
The new change in the Russian law increasing the % of rough cut diamond to finished stones quota is why WWCD merged into GBDX in the first place. GBDX not only has 17 years of profitable and successful business in the diamond industry, but had already established contracts with Russian cutters and exporters. So, as to your question, what do we realy have, watch and learn!
If you have been monitering the level II trades since the merger, the larger MM's have been accumulating and shaking out weak hands continuously. Something large about to happen.
Initial profits were made on the merger, and then again with pps going from .02 to .04. The larger play is soon to happen.
Best Regards. Not a buy or sell recommendation. My opinion only.
