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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.
@rivador$ATV is currently drilling for #diamonds in the Pikoo region of central Saskatchewan. They have some nice geophysical targets supported by indicator minerals. Started RC drilling on Wednesday, so hopefully we see a Monday morning news release...
@nicholaslepanToday, Lucara Diamond Corp. $LUC released its fourth quarter and annual financial results. The company reported revenue of $66 million and EBITDA of $32 million with operating cash flow of 5 cents per share US. The company has increased its annual dividend to 10 cents per share. Diamond production came in at 82.3 kct. In a note to clients today, Haywood notes three catalyst events in the future 1) Exploration results 2) Sale of Lesedi La rona and 4) updated Karowe resource. Haywood is maintaining their price target of $3.50 and its buy rating with a high risk rating. $LUC is trading up 1 cent today to $3.15 on 303,000 shares. Please contact your local Haywood representative for a complete copy of the report. #Haywood#diamonds@marketwired/lucara-full-year-results
@JamesKwantesCheck out the waterfall slide $DDC took beginning in mid-February, when it was trading for $13.50 Canadian (Washington's takeover offer is for US$13.50) and declined for several sessions in a row. Retail investors tend to shrug at #diamonds but this hostile bid shows a continuing interest in diamonds from wealthy and successful groups -- now the Washingtons but also Lukas Lundin, Anglo-American, renewed interest from Rio, etc -- because the business is very profitable. Wouldn't be surprised to see many of the diamond pubcos catch a bid Monday, there aren't a lot of them. $NAR for example has a JV with $DDC in NWT
@ekimNo doubt in my mind that the 'disgruntled' group of shareholders are involved at some level with this buy out offer from this private North American entity. Whether it was determining a fair price or being a firm yes on the deal to entice other investors to follow the herd. $DDC#diamonds
@ekimWhat are the odds that $DDC threw a dart at $KDI to try and swat this whole aggressive takeover tactic? I would say very low...but the coincidence of an after hours news release on Friday night by $KDI followed by these news releases on a Sunday? Just one thought. #diamonds
@0Kib#Diamonds are one of the biggest scams in the history of mining. There's too much diamond in the world. All the scarcity and perceived value is the making of an astute DeBeers founding family who spent $100m+ on advertising the rock as the symbol of love every year for decades while hoarding diamonds away. The opacity in diamond pricing will sooner or later go away with technology. Diamond can be a trade not an investment.
@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
@Excelsior$SAND$SSL Sandstorm Acquires 22 #Royalties In First Quarter
Friday March 24, 2017 - #Gold#Silver#Copper#Diamonds#Streaming and #royalty company Sandstorm Gold Ltd. says it acquired 22 net-smelter-return royalties during the first quarter for $1.9 million. The assets include royalties on development-stage, advanced exploration-stage and exploration-stage projects located in Canada, Mexico and Peru. "The collection of royalties that we have acquired so far in 2017 have added exploration potential in stable jurisdictions, increasing the optionality in our portfolio, which is now up to 155 streams and royalties," said Nolan Watson, president and chief executive officer. “We have over $30 million in cash and $110 million available on our revolving line of credit, and we are working diligently to continue deploying our capital into accretive acquisitions that will add value to shareholders."
@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
@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
@ekimHad a great meeting at the $PGD AGM today. #diamonds. Met a couple of fellow shareholders. They were bonafide Stockhouse lurkers...but never heard of ceo.ca. I mentioned it to them...but it also indicates that there is plenty of room for marketing of this forum.