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Star Diamond Corp T.DIAM

Alternate Symbol(s):  SHGDF

Star Diamond Corporation is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. Its primary asset is its 100% interest in the Fort a la Corne property, which is located in central Saskatchewan. Its Fort a La Corne Diamond Project includes Star and Orion South Kimberlites. These kimberlites are in close proximity to established infrastructure, including paved highways and the electrical power grid. The Star-Orion South Diamond Project is located within the Fort a la Corne diamond district of central Saskatchewan, Canada. These Fort a la Corne mineral dispositions are located in the Fort a la Corne Provincial Forest, approximately 60 kilometers (km) east of Prince Albert, Saskatchewan. It also holds a 100% interest in the Buffalo Hills Diamond Project, located approximately 400 kilometers northwest of Edmonton, Alberta, Canada. The property covers a total of 21 mineral leases covering an area of approximately 4,800 hectares (ha).


TSX:DIAM - Post by User

Bullboard Posts
Post by actionplanneron Oct 09, 2008 9:12pm
499 Views
Post# 15518046

I had owned shares before

I had owned shares beforeI don't own any shares anymore , however I do visit the BB and am curious  as to what's happening with sgf. I was lucky to make a profit and sell a couple of years ago. IMO sgf dragged their heels too long and haven't came out with the feasiblity study . They drilled the hell out of the territory and should have known by now if it was feasible to mine or not. I,m not sure , but I don't think quality diamonds have plummetted with these market conditions . So why is the SP down? I suspect sgf doesn't have the goods . With all the sampling etc. it wouldn't take this long to say whether or not it is feasible... Usually when news should be forthcomming soon and has delay after delay it means the project has run into snags , and management is only hanging on to their jobs as long as the cash is there to fund their paychecks ..  Sad state when the investors are rooked by CEOs in any stock.. The life span of sgf is simple to predict,  Take the cash in the bank and divide it by the execs annual salary and you have a feasible time frame that sgf will exist.. Of course the life span will be shortened more with each bonus and perk added on .. GLTA
Bullboard Posts