PDAC
I went to the PDAC yesterday and Met Tom, John and Daniel in their booth.
First time going, typical convention, piles of companies with people standing around waiting for people to stop by to talk to them.
Only stopped at Dianor Booth as it was my only interest. It was a two hour treck for a few minutes of talk but well worth it.
Before I get to that.
Great conversations property mad, heavy money, bishop. Kasm but way over my head to comment or add to that conversation.
First off my take of being at .10 and staying there for now is calculated, it was the number in the private placements so I can see not wanting to move past that yet.
Also the depth chart was removed on the TSX as I am sure the market mover has loaded .10 and up extremely heavy to prevent anyone from being able to sell shares at .10 and above.
If a person wants to sell shares the for the most part can only do it at .095 as they are too far up the pile for a fill in the .10 game and higher.
When the market mover is ready volume can be removed and we will go higher, not until in my opinion.
The above comments have nothing to do with the PDAC but wanted to put that out there.
Ok on to the PDAC
Kasm was quite right the quebec results have not been let known to Dianor yet as it is my feeling from talking that they have a plan in place of releasing information to best get us where we need to go.
Financing was first.
I could not get an order out of them as to be expected but my take is Quebec will be next.
then and I also expect news will be dragged out from time to time as we have a long way to go.
In my opinion they want to move the share price up at a pace that is sustainable, get us acclimated to higher prices between moves as opposed to one big jump.
I could be wrong on the last part as all I got out of talking about share price was a stock answer so it is speculation on my part.
The things that were interesting and it could be I should have known this before but the Leadbetter extension is called patented and means it is owned lock stock and barrel by Dianor just like your house property is owned by you (and your bank if you have a mortgage).
Patented means that they own every possible right to the property you can have, mineral,surface whatever.
The leadbetter section is crowned land (owned by the government)
I had conversation with a friend that knows things about crowned land and asked a few questions based on conversations I had at the PDAC so this is a two part learning into one.
Dianor has obviously staked a claim on the crowned land and has mineral or mining rights to it but until the property is taken to lease they call it.(more or less owned by dianor) If there was to be a big find before taking to lease stage the goverment would be able to collect some kind of reimbursement for the value.
So where I am going with this is Dianor is expecting to have the property to lease by this fall.
It is a government red tape process that takes time and is very normal, my friends properties took two to three years to get to lease. Dianor has been in this process I think for a couple of years so fall is a reasonable expectation.
In all reality we need the summer to build the DMS plant and get the facility in order as per government specifications and regulations for the mine.
The DMS plant I understand is for the bulk sample and will be portable modules and it is going to be able to prosses about 200 tons per day, once the bulk sample is done I expect it will be moved to say quebec for bulk sampling there and a larger DMS plant will go on line at leadbetter for mining of a much larger capacity.
I expect most of us will be out of this by that stage anyways and will be on out Yachts enjoying the sun.
The bulk sample will most likely start this fall and I was told results will come made known throughout the process not just at the end of the bulk sample.
Also they are processing Aluval I was told and my expectation is that is another word for sand or dirt in sections of the property and that will be sent off site through a different process as the DMS is for rock.
This is outside of the bulk sample at least that is what I understand.
For all I know this part could be going on now and results could be in place for the news release process.
Lots of possible going forward as far as news from Wawa and Quebec in the interim.
my guess is we see the stock price move up bit by bit and before or at least part way through the bulk sample we will be bought out for at least the leadbetter part and then on to quebec and other plays.
I expect the big money we are looking for will be when we get bought out whenever that takes place.
Better later than sooner in my opinion as if it is sooner the buyout will be conditional on results so it will not take place fully for many years and if later there will be lots more buyers on the table when results are out a year from now and bigger bucks.
Sorry this post was so long