RE: BOUGHT MORE TODAYyes, there is very little chance that DDN would break that ceiling in the near term.
what do you think would catapult it toward or beyond that point in the immediate future? Why are you looking for a five bagger before they actually get around to proving that they have an economic diamond deposit? Are you aware of the typical timelines involved between discovery and bankable feasibility in the barren lands? Actually, it would be a good idea if you go and read the book "Barren Lands" by Kevin Krajick, so that you can get a feel for whats involved and whats ahead for DDN.
have alook at Mountain Province who just announced a monster 25 carat stone.... they went from $4.40 to $4.70..... have a look at where they are at along the path to a mine and then look at where DDN are at along the same path.... Have a look at SWY who are at 28c and are within a hairs breadth (in Diamond mining chronology) of having a mine at Renard.....
you are either long in diamond exploration or you time your ins an outs based on specific milestones.... the only milestone that will see DDN go from 1 to 5 dollars is the successful completion of a big bulk sample and that aint about to happen any time soon..............
ddn is VERY tightly held and that has insulated it somewhat from all the current volatility. Long term investors should be happy to see the SP preserved and dilution minimised going forward over the next few years..... traders can nip in and out and hope they time things well...... no one should be expecting a jump to 5 bucks anytime soon...... so my advice to people is not to be too greedy......christ on a bike, if diamond investment was that easy then every idiot with a piggybank would be doing it.....