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Diamonds North Resources Ltd V.DDN



TSXV:DDN - Post by User

Post by Ogre2on Nov 17, 2009 7:51pm
401 Views
Post# 16497429

Holding Tight

Holding TightNot selling a cent here.  I went through the last bulk sample, and the flavour of the posts, news, and buy/sell patterns is far different this time.  I am gambling on the upside, even after being through the last bulk which did not turn out.  In retrospect, it was obvious there was knowledgeable action prior to the last sample coming through, in terms of sells (or at least appeared to be).  Still a risk, but the pattern is the opposite now.  This is my humble interpretation.  I have been wrong before.
With respect to Nickel, the exploration money is being spent on the diamond results, and will almost for sure be prioritized to gold in the spring (after diamonds), even if the feeling is that the nickel deposit is good.  Rationale - to get exploration money requires a stock offering, and nothing drives up stocks right now better than the smell of gold.  A number of warrants still exist, and will bring in cash, but an offering will be required next year to ramp into both gold and diamonds.  I would expect some geophysics only, or a small drill sample in the nickel.
Cheers,
Ogre
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