GREY:SWYDF - Post by User
Comment by
Diopsideon Jul 02, 2009 9:46am
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Post# 16112377
RE: RE: Huge Volume = Insider Information or Herd
RE: RE: Huge Volume = Insider Information or HerdI would rather have compentent geologists running the company than more effective pitchmen as some of you are suggesting. The company is practically debt-free and is bringing a mine into production. It also has the local government as a partner.
As for downsizing, SWY has cut a lot of extraneous personell including the diamond lab it acquired through Ashton.
As for some of your comparisons. HW has come up, but it is a producer and not a junior and is still far from the $30 mark it was a few years ago. Shore gold is relative too as $0.90 is far away from $8 that is was at not so long ago. Compare SWY at +0.10 when it was $0.90 a similar amout of time ago. Both companies are trading about 80-90% below their highs.
PGD is at its recent highs because of the exceptional Chidliak property. Compare SWY to DDN, AAD, DOR, SRM, TRS, etc. It's share price is not exceptionally low when looking at the diamond junior market in general.
On the fundamentals side of things I thing SWY is cheap for the price.