Grand opening of Diamond Bourse of Canada
This probably explains the hostile bid. Diamond and diamond trade are going to be a big investment pet in Canada. IMO SP of VAA is going to surge much higher. If the offer price is US$0.07 = CAD$0.075 (today's rate)in cash, what would be the worth of the company in Michael Bailey's mind? Certainly more than the meagre 30% ($0.091/share)!!!
And if there is a counter-offer, we can easily see this share at 10s, which is still very cheap!!!
The offer expires on March 1. The huge volume today will put this stock under the radar screen of many investors. I expect more to join the ride the next few days. It's going to be a very interesting month!!!
GLTA.
https://www.diamondbourse.ca/main.htm
The Diamond Bourse of Canada (DBC) is very pleased to announce its highly anticipated Grand Opening!
The event will take place on Wednesday January 27th 2010 from 3:00pm until 6:00pm at the Ontario Bar Association Conference Centre, 20 Toronto Street, Suite 200. Toronto, ON. M5C 2B8
The DBC will present the amenities of the bourse, a clear vision for the future of the bourse; as well as, an overview of various upcoming events and seminars. After presentations and speeches, there will be a unique opportunity for prospective members to tour the DBC and receive a first hand glimpse of what is to come!
Features of the bourse will include:
customs bonded facility/safety deposit boxes
full trading floor, all necessary instrumentation
lab bay (Sarin, Diamond Sure, microscope, scales, etc.)
tenders (still to be finalized)
board room which can be booked (TV screen for presentations)
loss prevention seminars, lab seminars, etc.
private viewing rooms
tools for purchase (loops, tweezers, pads, cloths, etc)
lounge/social club room
advanced security