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Diamonds North Resources Ltd V.DDN



TSXV:DDN - Post by User

Comment by romankoon Dec 20, 2010 2:07pm
292 Views
Post# 17871653

RE: Well done mgmt!!

RE: Well done mgmt!!

I wouldn't start blaming management for the share price being what it is. The market in which this stock trades is a broken one in my opinion - there is a combination of manipulation by funds and instituations, along with the legions of fickle day-traders churning trades to make a few bucks off every cent move in momentum.

Looking at the facts, the only disappointment is that the gold targets weren't drilled this season. The diamond results are still on track, the results were promised mid-to-end of december. What I think is happening is alot of "investors" have lost patience and are selling to generate tax-losses to offset their gainers. Note that there has been no recent insider selling.

IMO, buyers at 15.5cents are getting a bargain. I wish I had waited to accumlate until now. My gut feeling is that the diamond results will be good. Think about it - last years mini sample demonstrated large stone potential. I bet the Mark and his team were extra careful and focused on getting a clean unbroken sample drill this time around. Beluga isn't some blind unknown target.

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