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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@ekimNice move by Margaret Lake Diamonds $DIA amazing what a planned drilling programme and some promo can do. #feedback - still have the wrong name. Met Paul Brockington at an AGM meeting for $PGD. He has his own company but keeps his talons in the Canadian diamond industry.
@ekimThere has been a lot of homework done on this diamond play. There is real potential here. The homework seems a bit dated..but that was more of a sign of the market not willing to fund a drilling programme then actually an argument against the potential. With the grades coming out $KDI, if $DIA hits a kimberlite and it has diamonds...it could have really good grade. After the few disappointments in the industry, a confirmed kimberlite intersection probably will drive this stock much higher.
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@ekimFirst time in a long time that you can look at the basket approach in #diamonds in Canada. You could buy a basket of the operators -- $DDC$MPV$SWY or you can buy a basket of the developers/explorers -- $PGD$SGF$DIA . The former will pay you dividends, the latter have significant discounts to NPV's. Opportunity in both.
@ekim@jameskwantes you could short $swy and go long $mpv or vice versa depending on what you like better . Taking out the supply demand fundamentals. $kdi delivers more confident model numbers in two weeks. Don't short any stocks....but the crystal ball for kdi isn't looking good. $dia looks interesting if I bought venture stocks.
@ekimThe question is with the $1.2 million..if they get that..they will have ammo to target redemption again if they want to. or what else? Still think $DIA will get the most potential reward out of its $700K drill programme near Gahcho.
@ekim2 things I like about this play. 1 - They now have money to post some drillholes into the anomalies. 2 - Gahcho Kue just pulled a 50 carat stone out of the ground. The dykes at KDI don't seem to indicate a coarse distribution to generate that size of stone...but the potential for DIA's targets still leaves that on the table.
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@ekimThis is very creative. Thumbs up for $DIA.
"The company also announces that it has implemented, subject to exchange approval, a warrant acceleration program, under which certain existing warrantholders holding an aggregate 4.5 million warrants exercisable into common shares at a price of 25 cents per share until Oct. 17, 2017, may exercise their existing warrants at a reduced price of 20 cents and be granted an additional warrant for each existing warrant exercised, each new warrant being exercisable into a common share at a price of 30 cents per share until Oct. 30, 2017. In order to participate in the program, existing warrantholders must exercise their existing warrants on or before Nov. 30, 2016. "
They want to bulk up the treasury ahead of the drill programme.
@ekimPrice is pushing 20 pennies...which is what they want to early exercise the warrants before Nov 30th. That could give them another $900K in the bank. In addition to the $785K they just raised..but they just now spent $200K on the JV. Could leave CAD$1.5 million to explore/drill with.
@ekimStock drifting on this stock. There was talk about a drill programme West of Gahcho Kue...but based on the last earnings..after a bit of financial clean up...there isn't a whole lot of money left to actually drill. Anyone see this being different? Maybe they should partner with $KDI to plunk a couple of holes into the property.
SEDI_botSama Graphite Inc. (formerly Section Rouge M $dia Inc.) just filed 14 reports. View full report: SEDI:DIA INC.)
@ekim$DIA has some drill ready targets near Gahcho Kue....but looks like the fall financing was enough to pay the bills and not much else. Potential here..but no potential without the drill bit turning. #diamonds
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@ekimI think $NAR should option with Paul Brockington's $DIA project and drill some of those drill ready targets. $DIA is struggling with money...not targets.