Good Morning. The more inane bashers the better. Sure sign of impending huge upside.
Do not let it bother you. If you review these posters last few trades with other stocks, suprised they even have any funds available left to continue to trade with such poor positions chosen. Most recent basher had not posted since 10/16 here; and now.................
All part of the bs game in pinkieland. My thought is always,
"Consider the source".
All negative posters stress the what if of Alrosa and prior revenue confirmation. Neither matter for the PPS real value to increase big time.
Based on extremely low float confirmed with TA and real revenue potential nearterm of wholesale diamond sales will drive the pps, period.
Larger share traders like myself have ridden this play way back when it was WWCD and merger of GBDX was announced. Mgmt. who merged with WWCD netted over $2M cash from sale of WWCD after increasing production and co. value for WWCD. GBDX is the next play for them and will be very successful, IMHO. Again, former mgmt. of WWCD chose GBDX for their strong existing contracts with russian cutters and exporters now that the new russian law is in place. This new law is important because it increases largely the % of rough cut stones allowed to be exported. Now, if Alrosa is involved with GBDX, then the already strong upside potential is multiplied 10X+.
Also, some posts have stated the diamond market is down. Wrong. Yes, the last few years the market has based out. However, the last 9-15 months, the market for *quality stones has been increasing. And this year is set to be even stronger.
Wholesale diamond sales is driven by retailers demand. The last PR from GBDX that they have had to increase the 1st shipment based on increased demand shows this.
Chart/TA shows continued increase of MA with very short term pps pullback to 50D MA as expected from flippers during the upturn. Consistent higher highs and higher lows. Once confirmed revenue is announced, pps will run. For trading purposes, such a strong play with such a small float.
Best Regards
Not a buy or sell recommendation. My opinion only.
