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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 50% interest in the exploration and evaluation properties and assets of the Buffalo Hills JV located in north-central 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 gormlesson Jan 02, 2009 12:28pm
441 Views
Post# 15677900

Recent run-up

Recent run-upWe should be careful about reading too much into this run-up.  What we really know:  we have a two-day run immediately following end of tax-loss season.  Coincidence?  Likely not.  Now is the time for people who have locked in tax losses, but still want a piece, to get back in, + entry point for others who want in before it runs up more.  Could tax loss selling explain insider selling also?  Quite possibly, but who knows?  Could there be news coming?  This is pure speculation at this point;  why would management suddenly change its stripes and start communicating?   Bottom line:  investors normally operate with limited information.  We shouldn't delude ourselves (and people who got in low are well advised to take some profits while they are there).  I'm long, but a sudden run is a chance to cut losses, might be worth it.

Gormless
Bullboard Posts