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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

Comment by buckortwo1on Apr 10, 2024 3:42pm
210 Views
Post# 35981942

RE:Predictions please.

RE:Predictions please.I don't remember the last time I posted here. It's been many years. Frank the Tank I could not agree more. The path which we need to follow is crystal clear. How we finance our way there is very much not. The market only cares about the money and where it's going to come from and what shape it's going to take and what impact that has to the share price. The elephant in the room is the Bauer rig. It's useless to us because we can't afford to move it, or use it. It is our only revenue stream if it's rented out or sold although not a good long term answer to sell. It should be a bilateral #1 priority in my opinion to get this rented out. I believe it was stated that this piece of equipment was worth $100 million. It's worth nothing sitting on the property mothballed, unused and not rented out. Figure out the money, and the share price will figure itself out quickly. Until then, I don't see a significant market catalyst that will move us from where we are today. The SK government getting involved, Indigenous buy in or UAE investment..... all those options, come with a healthy cost to us, one way or another. Be a dilution, revenue, streaming, what have you. It will all come out of your and my pocket one way or the other. Rent the elephant in the room it's the single best option we have. So, anyone want to rent a rig?
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