TSXV:CDC.H - Post by User
Post by
pavemasteron Mar 07, 2006 7:51pm
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Post# 10480143
Diamond Bourses
Diamond Bourses In order to sell any diamonds to any member of the Bourse a diamond producer has to put together a parcel of diamonds to sell to the highest bidder. These sales are done bi monthly and in some instances quarterly.
CDC chose to sell their diamonds to the chinese at lower prices to obtain monthly cash flows to finance the 701 mine expansion plus help pay the bills.
So floplips, if you know a better way to finance the expansion without more share dilution than please tell mgmt. how to do it?
Dumbass.