Stocks & Speculations – Brian FaganArctic Star Diamond Corp. – Stocks & Speculations – Brian Fagan – My continuing fatal attraction to Artic Star’s Credit Lake play.
Full Article - Please see the accompanying PDF file for full article through the SaS Home Page. www.StocksAndSpeculations.com. SaS normally posts two PDF files with each posting. To access these PDF files, select “more” following the article you are interested in. The PDF on the “left” is the SaS introduction to the full article. The PDF on the “right” is the full article.
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Last year around this time, I was very excited with Artic Star Diamond Corp’s (ADD-tsxv) Credit Lake diamond play. So excited, I bought a very large position in ADD and started to plan my retirement. Well it didn’t turn out exactly that way. ADD turned out to be my biggest loss in 2007. The pain was somewhat softened when I sold it in December as a short term loss. I got some comfort that the government was paying $400 of each $1,000 I had lost. Now here we are again at the beginning of a new diamond drill program on the Credit Lake project, and I have bought back half of my original position. I am comfortable with this position, but I may be a little more nimble in playing it this time around.
There is a reason for having such a fatal attraction to ADD and Credit Lake. If ADD drills into a kimberlite, I think the stock is going to soar. All my reasons are set out in the accompanying PDF file which I wrote in March 2007. Three recent news releases posted on the SaS site will bring you up to speed on where ADD is now. The company has refinanced; the drill targets have been further defined from a summer program; the drill started turning last week, and if the current drilling for diamonds strikes out there is going to be a kick at the nickel potential on the property.¦nbsp; ADD is trading at $0.14 (fourteen cents). If you are a speculator like me, it would be hard to sleep at night without owning a little.
Sincerely yours,
Brian
Stocks & Speculations
Brian Fagan, Editor/Publisher