GREY:SWYDF - Post by User
Comment by
Diopsideon Jul 06, 2008 10:53am
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Post# 15261688
RE: No body
RE: No bodyI would not say nobody, as diamond comsumption is still strong.
Investment interest in diamonds is at an all time low right now. And share price for juniour companies seems to have tanked across the board.
However, most wealth is ained buying contrary to market directed, so when interest returns to the sectors, those that bought in cheap make the highest multiple.
As for SWY, a mine seems very likely, and wealth will be gained either by mining or selling off some of their developed assets for profit.
In the long term should the mine become online, SWY could begin a buyback or dividend. The market will eventully adjust, just sometimes it is slow and irrational in doing so.