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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.
@JamesKwantesA 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
@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.
@ekimMining 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.
@nicholaslepanAnybody have any thoughts on the offer for $DDC, management at the company is citing that offer is coming from an inexperienced investor in the diamond space and that the deal undervalues the company. Just when I thought diamonds were a dead end.
@ekim$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.
@ekimList 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
@HRA-CoffinThe 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.
@JamesKwantesIf 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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@ekimQuestion 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.
@JamesKwantesRe 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
@JamesKwantesWould 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
@JamesKwantesOn 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
@JamesKwantesHearing 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
@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
@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.
@ekimSomeone posted a target upgrade (RBC) to $12 for $DDC on Twitter from 9 newsworthy type accounts about 3 hours ago. Now I could post that here and say and follow the news trail...but I'm calling BS. Fake news to get more clicks. Watch what you read.
@ekim$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.