Replies to post #10047 on Alkane Inc (ALKN)

[mweco]

You're not missing anything which is why the stock is at 0.045. However, Walter has only been on the job for 8 months ... give him time. eom

[Deann]

Beat . . . go to the NSDM website and look under exploration. That should bring you up to date and answer some of your questions.

Deann.

[sortagreen]

Beat the Dealer. You've pretty much got it. It's a diamond prospecting play run by a likeable enough team. They seem to know something about the game, though I'm sure the same could be said of many others.

The stock may have a little more in it than .05, and if there is good news at some point that price will seem really low.

Canada is not as far advanced as Ukraine, but there seems to be a rather tough issue with the politics in Ukraine. There are obviously diamonds there; one drill program came up with 141 of them last fall, but so far we haven't hit any that we can sell. The minister of mines there is a new guy, and there's no real read on him yet. Call NSDM at the office and WS will explain a bit of this to you.

Canada is a hot area these days and if indicators are found in the drillings from last month you can probably expect a jump.

Be wary of what is said on this board. A dazzling picture of a diamond or for that matter 25 such pictures should not influence your decision to buy a stock anymore than that BMW spinning on a platform above the slot machines should influence your decision to drop dollars in there.

This board is dominated by as sleazy and savage a group of stock pimps as you'll ever encounter, who more than likely sell into each uptick and abuse anyone who suggests doing so. They are a friendly sounding lot and it's a real homey atmosphere, but do your own research.

If you're in a .045 I think you'll be ok. I'm averaged at .08, but I started much higher. I'm going to buy another million or so so I can be like everyone else on this board... or maybe I'll stand pat and see if we can get some momentum first.

I rate this one a "hold".

[ralph3]

Beat as far as Ukraine is concerned you also have to remember Walter Stunder CEO of NSDM was doing work there for another company who invested $450,000.00 to site work. Then when company funding ran out Walter staked thier claims for himself and started up NSDM. So yes there has been work done there but not by Walter and NSDM exclusively. A question you may want to ask here is why would Walter stake claims on land, he knows and has worked on, if he did not think there was something there?? And the Ukraine is also not as easily accessible as nor does it have a diamond rush as Canada does. The Ukraine takes longer to do paper work and as stated in PR by NSDM they also have antiquated drills and tools making it a longer process. So as much as I think they have a viable shot at finding diamonds there it will take longer to cut through all red tape there instead of Canada.

As to finding a diamond mine that is economically worth making you may want to read links posted at top of the NSDM board. They may be helpful to you to understand the process of diamond mining and timetables to other diamond producing mines and how long it took them. You have to remember they first have to find kimberlite pipe which is a diamond host. They may know it is there but finding it is touch and go. That is what takes time. Sometimes hit on first core drill and others may wait years. If there was a surefire way to find them I am sure someone would have bought all the diamond mines in world by now.

Me I put my money on NSDM to find diamonds to make me money. Risky? Yes but I know that and am willing to let the dice fall where they may. As I have stated before this is a risk play for me and is not a big portion of my portfolio nor should it be any good investors to lock up all your money in risky plays. Hope I helped and hope we find diamonds. Ralph3

[ralph3]

Beat and others here is a good site to get answer to a few good questions.

http://atlas.gc.ca/maptexts/subtopic_texts/english/historical_e.html

Ralph3