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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

Post by FRANKtheTANKon Dec 01, 2023 8:05am
183 Views
Post# 35762924

Some share price based thoughts

Some share price based thoughtsMarket cap of 42 million.  *********************************************************************************************.  Outstanding shares will when deal closes be approaching 600 000 000.  *********************************************************************************************.  Share price sub 10 cents after new deal announced.  *********************************************************************************************.  RIO will hold just under 20% and Star Diamond gave them 90+ million shares.  *********************************************************************************************.  Newmont holds 14+% and got them on the cheap as well.  Pls note Newmont has never topped up their number of shares during any past private placements even though they have the right to maintain percentages just like RIO now has.  *********************************************************************************************.  I remember when some of the long time holders of DIAM were making fun of another diamond company for having outstanding shares at the 600+ million level.  Interesting to see those same holders embracing our ballooning share counts.  DIAM will very likely need to further dilute.  I don't think the market believes any government or First Nations group will float the cash.  *********************************************************************************************.  Even if stakeholders are secured what we give back will eventually be dilution to shareholders.  *********************************************************************************************.  9 cents is saying it all.  The market is cautious and disappointed so far with the new arrangement.  A proper NR with real news that is not pie in the sky and vague IS needed ASAP.  No more "carrot dangling" or stupid diamond naming contests.  *********************************************************************************************.  GAG is lifted and constraints removed.  Do and say something substantial.   PFS will do zero.  More drilling will do zero.  FS will help to sell it but will take way longer than they are saying and be extremely expensive (way more dilution).  What is the financial plan?  What is the drilling plan?  Are they even working on selling it right now so as to avoid dilution and future bankruptcy?  Lots of big questions and not many concrete answers despite being on hold for the past year(s).  *********************************************************************************************.  Call the company.  E mail the company.  Keep the shareholder pressure on them.  Show them were not going to blindly follow a carrot dangling. We cannot  *********************************************************************************************.   Great project. Lovely diamonds.  Massive deposit.  Type 2a's.  Market doesn't care. Market needs better direction and actual news. *********************************************************************************************.  FRANK. 
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