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@JamesKwantes Heard $MPV CEO Patrick Evans speak at Roundup last year and he was very critical of Dominion, although he didn't name them in the talk (but was one of the spokesmen for the activist shareholders). "You must repay the shareholders." My article: http://blog.ceo.ca/2016/01/26/mission-accomplished-on-dominion-diamond-shareholder-revolt-patrick-evans/ $DDC
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@JamesKwantes A further twist: $MPV CEO Patrick Evans is also a director of Archon Minerals $ACS, which is run by Stu Blusson. Blusson is the Ekati co-discoverer (with Chuck Fipke) and owns the portion of Ekati -- about 11% -- that $DDC doesn't. Fipke sold his share of Ekati to Dominion for $67 million a few years back. Archon also owns about a third of Ekati's Buffer zone
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@ekim @JamesKwantes I remember that now. He wasn't a director until a couple of years back. Blusson and $DDC 's current board/mgmt do not see eye to eye or shall I say dollar to dollar. Money talks. $ACS by definition is a Zombie company...except for the fact that it owns part of an asset that $DDC will be developing and has a director that loans money to it to keep it going until it gets a big payday.
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@JamesKwantes Dominion Diamond, Stornoway have held merger talks, sources tell Reuters http://www.reuters.com/article/us-dominion-diamond-m-a-stornoway-diamon-idUSKBN16R2QJ $SWY $DDC
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@ekim "....One of the people said the talks were still ongoing." $SWY $DDC Time for consolidation in the industry is passed. Get on with it people! Get on with it! #diamonds
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@ekim Mining stock rallies with no news and gets halted by IIROC....Rumours flying all over the map with $DDC and $SWY and don't get halted. No point in halting something that should be halted..that would just be a waste of power. Must halt things that kill's peoples hopes and dreams.
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@nicholaslepan Anybody have any thoughts on the offer for $DDC, management at the company is citing that offer is coming from an inexperienced investor in the diamond space and that the deal undervalues the company. Just when I thought diamonds were a dead end.
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@ekim @nicholaslepan I'm still on the fence whether there is actually an offer for $DDC or a proposal to do an offer. Muddy.
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@JamesKwantes The market says it's an offer $DDC
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@JamesKwantes Correspondence between $DDC, Washington Group in latest salvo references one other "alternative transaction" - sounds like the $SWY merger idea
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@ekim $DDC 's latest news release includes all the comebacks and reasoning from Washington Group of companies...but not much substance from DDC. It is very strange...almost like they expect people to read the first one or two paragraphs and not deep dive into the full news release. The comebacks from Washington Group are very, very well done.
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@ekim List of synergies for a $DDC and $SWY merger? - Reduction in overhead...Stornoway has an insane executive team...like 11 VP's or such. That could cleaned up easily....maybe all the VP's want a merger to trigger a severance pay out. Renard production could piggy back onto DDC's rough diamond sale distribution. DDC's cash could pay off some of Renard's debt. The deal would definitely be one sided IMO. Just a question of whether DDC wants to navigate that swampy lake before it can firm up on a pure Renard operation...maybe buy the stream. ...and to top it all off...one big investor in $SWY is offiically in harvest mode -- "Our fund has a seven-year life. At the end of 2016 we were done with investments. We are now in harvest mode," [Orion portfolio manager Douglas] Silver said when asked why Orion was selling the portfolio. He said the sales process was launched at the beginning of January." $SWY has plenty of reasons to push a merger...many more then $DDC
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@HRA-Coffin The way $DDC is trading there will be a deal with someone. Shareholders are pricing it in. Management can act all offended but I think the large institutional shareholders will string them up if they don't to a deal now. And I agree with @ekim that $SWY doesn't look like that much of a prize to shareholders compared to a clean cash exit.
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@Allan I love the smell of a hostile takeover in the morning. Had a good read of the back and forth with $DDC and Washington Group. It looks like the $DDC folks brought a knife to a gun fight.
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@ekim Found this quote on $DDC -- ". Washington currently owns no shares in Dominion, Simkins said."
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@JamesKwantes If Washington doesn't own any shares, why does he want to buy the company?
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@ekim @JamesKwantes sounds like it is 100% or nothing. Maybe by having no shares...he has more legal flexibility to say publically what they have been saying. If you think there is a white knight (Rio or such)..you would think you would want to try and get an up to 5% position anyway...Maybe he doesn't think a white knight is possible.
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@ekim Question is whether Discussions between $DDC and $SWY were serious enough that they put Matt Manson at top brass and that is why Brendan Bell was shown the door at the end of January. Chicken egg theory.
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@businesswire Dominion Diamond’s Fiscal 2017 Fourth Quarter and Year-End Results to be released Wednesday, April 12, 2017 @businesswire/dominion-diamonds-fiscal-2017-fourth-quarter-and-year-end-be-released-wednesday-april-12-2017 $DDC.US $DDC
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@JamesKwantes Re De Beers jewelry arm, there is sure a lot of activity in the #diamonds sector of late as well as interest from majors. Also a major focus of the latest Resource Opportunities which went out early this morning. Diamonds one of the "empty rooms" at an otherwise bullish PDAC. Opportunity IMO $DDC $RIO
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@Allan Washington Group is offering to buy $DDC for cash at a pretty similar valuation as uranium explorer $NXE is trading for.
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@Excelsior #RickRule Pre #PDAC 2017 #Mining Stocks on #BNN Market Call MARCH 3, 2017 Rick Rule covers a great deal of ground in this BNN #Video interview (from a few weeks back) on some of the more popular mining companies: $IVN Ivanhoe, $ANF Anfield Gold, $KL Kirkland Lake, $CGP Cornerstone Capital & $SOLG.L SolGold, $PVG Pretium Resources, $NAK $NDM Northern Dynasty, the XAU Index, $DDC Dominion Diamond, Reservoir minerals/ $NSU Nevsun, $HL Hecla Mining, $PAAS Pan American Silver, the #Silver market fundamentals, $CDB Cordoba, $SLW Silver Wheaton, $BGM Barkerville Goldmine, $VIT Victoria Gold, $DPM Dundee Precious Metals, $LUC Lucara Diamond, investing in #Gold bullion, Off balancesheet liabilities and #debt of the US Government, $TV Trevali Mining, $NXE Nexgen Energy, $ALS Altius Minerals, $BTG B2Gold http://www.pennyminingstocks.com/rick-rule-pre-pdac-2017-mining-stocks-bnn-market-call/
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@businesswire Dominion Diamond Announces Exploration of Strategic Alternatives @businesswire/dominion-diamond-announces-exploration-of-strategic $DDC $DDC.US
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@MiningBookGuy Dominion Diamond to explore strategic options, including sale http://www.reuters.com/article/us-dominion-diamond-m-a-strategic-option-idUSKBN16Y138 $DDC #diamonds
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@JamesKwantes Would sure be nice to see $DDC remain in Canadian hands, given the historic assets and the way in which Canada helped bust up the De Beers cartel with the 1990s discoveries that laid the foundation for an industry #diamonds
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@Allan james, I like your patriotism and nostalgia for Canadian diamonds, but I have a feeling the $DDC shareholders won't care much about where the money comes from.
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@JamesKwantes Agreed @Allan but the Canadian angle is a very important one in #diamonds and what has often been a dirty (bloody) business. Canada has cachet #branding $DDC
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@JamesKwantes On Washingtons, fair point @tommy - Kyle anyway, don't know about the old man. But was also thinking of other players with that comment, eg Rio Tinto. With 60% operating ownership of Diavik, they must also be in the mix here (even if they don't show up in the articles) $DDC
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@JamesKwantes Hearing that North Arrow Minerals CEO Ken Armstrong will be on BNN tomorrow at 8:30 am PST with the inimitable Andrew Bell. Some renewed interest in the space as the $DDC takeover talk continues #diamonds $NAR
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@TheGalvanizer Canaccord Morning Coffee – Tues. Mar 28, 2017 – #Marijuana $ACB $APH $BIR $BLO $DDC $EMC $IAN $IN $MX $NII $OGI $SL $SU $WEED http://ow.ly/iByy30ajErf
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@ekim Alrosa indicates that they are not interested in $DDC - http://www.reuters.com/article/us-dominion-diamond-m-a-strategic-option-idUSKBN16Z18S Don't really believe that a russian based company would easily be able to walk into canada and buy up assets.
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@businesswire Dominion Diamond Files Updated Technical Report for the Diavik Diamond Mine @businesswire/dominion-diamond-files-updated-technical-report-for-diamond-mine $DDC.US $DDC
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SEDI_bot Dominion Diamond Corporation $DDC just filed 1 reports. View full report: SEDI:DDC
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SEDI_bot Dominion Diamond Corporation $DDC just filed 24 reports. View full report: SEDI:DDC
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@ekim Interesting to see $DDC still doing the buybacks at higher prices posted the Dennis Washington bid.
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@businesswire Dominion Diamond Reports Fiscal 2017 Fourth Quarter Results and Provides Corporate Update @businesswire/dominion-diamond-reports-fiscal-2017-fourth-quarter-provides-corporate-update $DDC.US $DDC
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SEDI_bot Dominion Diamond Corporation $DDC just filed 6 reports. View full report: SEDI:DDC
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SEDI_bot Dominion Diamond Corporation $DDC just filed 20 reports. View full report: SEDI:DDC
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@ekim CPP Investment Board considering a bid for $DDC - http://ca.reuters.com/article/businessNews/idCAKBN18722Q-OCABS #diamonds
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@JamesKwantes $DDC looking good at 52-week highs (hit $24 in 2015). I can see CPP Investment Board jumping in as an investor but doubt they would bid outright for the company (re: recent Reuters report) #diamonds
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@businesswire Dominion Diamond’s Fiscal 2018 First Quarter Results to be Released Monday, June 12, 2017 @businesswire/dominion-diamonds-fiscal-2018-first-quarter-results-monday-june-12-2017 $DDC $DDC.US #news/mining
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@ekim @JamesKwantes CPPIB jumping in on $DDC tells me that if the CPPIB is looking at home for some hard assets...then there has been a slaughter in the industry. It is pretty clear to me that #diamonds with Canada and Canadian investors have a very estranged relationship. One only needs to look at a lot of investment attitudes on even this forum when it comes to Diamonds. Clear distinction compared to other commodities and not in a good way. Even look at $MPVD first attempt at financing Gahcho Kue involved leaving Canada altogether and looking once again at our great Monarchy.
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@ekim Someone posted a target upgrade (RBC) to $12 for $DDC on Twitter from 9 newsworthy type accounts about 3 hours ago. Now I could post that here and say and follow the news trail...but I'm calling BS. Fake news to get more clicks. Watch what you read.
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@businesswire Dominion Diamond Provides Exploration Update and Announces Maiden Resource at Leslie Pipe at Ekati @businesswire/dominion-diamond-provides-exploration-update-and-announces-resource-at-leslie-pipe-at-ekati $DDC.US $DDC #news/mining
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@ekim $DDC announces a maiden resource with a rock value of around $30 per tonne at Leslie Pipe. Don't think the milling costs would pay for that...let alone mining it. #diamonds Definitely a sign of a bottom in the diamond sector.
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@JamesKwantes Further to @ekim on $DDC, Dominion has done a spring ground geophysics program on targets in the Lac de Gras Joint Venture property and may drill them later this summer. $NAR is the 40% JV partner, Dominion is operator http://www.ddcorp.ca/investors/news-single?id=2274177 #diamonds
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@JamesKwantes Nice grades on those latest Kennady $KDI results, and interesting to see them touting yellow diamonds. $DDC also pulled out a monster yellow diamond from Misery, 66 carats. Hope they publish a photo of "Arctic Sun." http://www.ddcorp.ca/investors/news-single?id=2275809
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