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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.
@ekim$PGD had 1 small paragraph in its recent earnings about discussions with other groups. This last news release is finally public and descriptive to the news channels. (not hidden). Here is the key paragraph.
"Since Peregrine Diamonds announced its positive Preliminary Economic Assessment ("PEA") for the Chidliak Diamond Project, Nunavut, Canada on July 7, 2016, the Company has been in discussions with a number of diamond producers and capital funds concerning the on-going development of this very valuable diamond asset. The Company is continuing discussions with various entities regarding options to finance future work programs and advance Chidliak towards commercial production. There can be no assurance that these discussions will be successful."
...and early in December this is from Rio Tinto's CEO:
Quote from the new CEO (Dec 6th, 2016) - "“I would like to have more diamonds, to be very explicit. That’s a priority area,” CEO Jean-Sebastien Jacques said in an interview with Bloomberg Television on Tuesday."
Bidding for a ticket on the Chidliak train is wide open. Rio, $DDC, DBC, $LUC and probably a couple of the capital funds of the 100's of funds out there. My leaning would be Haywood would be in the running. #diamonds
@nicholaslepanLucara Diamond Corp. $LUC reported fourth-quarter revenue of $66-million up from $65.2-million a year earlier. Net income was $11.2-million or 3 cents per share versus $19-million or 5 cents a year earlier. Analysts were expecting revenue of $68.5-million and earnings of 5 cents per share.
@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
@MiningBookGuy@Highheat - yeah, amazing it was an artisanal find of such a large diamond. And to think another massive diamond was found so recently, to go with the even bigger finds by $LUC last year.
@Allan - you're probably right. i don't know much about colors/values. but it's still a great story.