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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$KDI Kelvin/Faraday complex now worth 1/5th of Gahcho Kue ($MPV portion) and a 1/4th of Renard $SWY and a 1/5th of ekati/diavik ($DDC portion) based on market perception. Should one follow market perception to make $$'s or fundamentals to make $$'s. That is really the hard part of investing. A lot has been made and lost in both regardless of the other. #diamonds
@JamesKwantesDon't forget about the $DDC dividend, @Wannabeinvestor. Diamonds are an inefficient market - which makes DDC a good trading stock - but longer-term DDC assets are aging. There are also new diamond mines to invest in, $SWY and $MPV. Interesting to see Rio's renewed interest #diamonds
@nicholaslepanToday, Mountain Province Diamonds $MPVD announced in a press release today that there is a delay in expected commercial production at Gacho Kue to later Q1/17 and initial sales soft. In a note to clients, Geordie Mark of Haywood Securities has a buy recommendation, with a $10 price target and a high risk rating. $MPVD is currently trading at $5.99 down 31 cents on 1.59 million shares. #Haywood#diamonds
@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
@JamesKwantesHope you're right @teevee, it's a focus in my portfolio and in the newsletter. Millenials and synthetics are two headwinds for the industry, but supply/demand remains very favourable. There has been so little diamond exploration in recent years and few new diamond mines coming on stream, despite two recent Canadian openings - $SWY Renard and $MPV De Beers Gahcho Kue
@JamesKwantesJust had a good chat with independent New York diamond analyst Paul Zimnisky. Anecdotal: he says his industry contacts in India love the Canadian stones, especially from Renard & the $DDC mines. Gahcho Kue, not so much $SWY$MPV#diamonds