InvestorsHub Logo
Followers 37
Posts 19097
Boards Moderated 0
Alias Born 09/26/2003

Re: ImakeMONEY post# 57

Friday, 06/27/2008 7:27:31 AM

Friday, June 27, 2008 7:27:31 AM

Post# of 61
The recent PP was not only under-subscribed, some placees were pulling out even at the last minute. So money's tightened up a lot.

That being said, the catalysts are just around the corner. The 3d model is up on the website and the company has been pulling the long-delayed bulk sample since April 9. The first 5,000 tons have been concentrated at this point and should have been or are being picked for diamonds. If the numbers are anything like the DD samples or the bulk gives up rocks like the ones they've displayed already we should be in very good shape very quickly. Either way, that news really is imminent at this point.

I would also like to hear some results from the other places they've discovered.

The native land is a non-issue. The Cinta Larga land is 70 kilometers away from where we're working. The claims aren't disputed. I agree with you the address is a drawback. Ther is a mining and business friendly government, but while there are a lot of diamonds, they are mostly being worked as alluvials, and no one has proven up an economical kimberlite source yet. I think that should change quickly too.

I'm going to buy some more next week if it stays at this level.


*******************************************************
"Only a few acknowledged that the father’s story of return, redemption and liberation was also a story of conquest, displacement, oppression and death." -Yaron Ezrachi, "Rubber Bullets"

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.