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Bullboard - Stock Discussion Forum Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Energy
Southstone Minerals Limited is a Canadian junior mining company. The Company holds a 43% interest in the Oena Diamond Mine (Oena), an alluvial diamond property, located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. The Oena Project is 8,800 hectares in size and covers about 4.8 kilometer (km) wide strip along a 15 km length of the lower... see more

TSXV:SML - Post Discussion

Southstone Minerals Ltd > Big change announced
View:
Comment by kijiji on Jul 30, 2019 8:20pm
Bye Bye Tango. TANGO ANNOUNCES STRATEGIC FOCUS ON DIAMOND OPERATIONS AND PROPOSED DISPOSITION OF COAL OPERATIONS AND CONCURRENT CHANGE OF NAME   With the continued operational success at the Oena diamond mine in South Africa, Tango Mining Ltd. is proposing to dispose of the metallurgical and mining projects located in South Africa. The Board of Directors made this decision to allow ...more  
Comment by Pacmann on Jul 30, 2019 11:35pm
i have said this before several weeks ago that they should get rid of coal mine project and concentrate on diamonds. Boy was i right...and i think it's a great move. I'm glad they got rid of coal mines it wasnt going anywhere soon. Now they will put there entire effort in three diamond projects and hopefully more in near future. Not too sure about the name change though i kind of like ...more  
Comment by Pacmann on Jul 30, 2019 11:44pm
i think the our ceo is is really thinking in the right direction. He knows Oena is producing great diamonds and just in the quartly report that they found small samples of diamonds in Angola during the sample run so they know theres diamond there as well. Once Angola ramps up its production it will be very excited years to come. Still a long term hold imo but I'm really excited about this new ...more  
Comment by hempster on Jul 31, 2019 1:33am
Could not agree more, the diamond mines are so good that it makes sense to purely focus on them. Just look at Oena, the price per carat was $1400 or 14 higher than the global average. And the diamonds at the Angola mine might be also of above average quality, some other nearby mines manage to produce diamonds sold at $500/carat which is still 5 times the global average. In comparison, De Beers avg ...more  
Comment by onetimer on Jul 31, 2019 2:39pm
and we hope that gallagher resigns from board after this .
Southstone Minerals Ltd
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