GREY:SWYDF - Post by User
Post by
crazytownon Oct 22, 2011 12:17pm
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Post# 19173031
All diamond stocks in TOILET!!
All diamond stocks in TOILET!! If you think the FS will help, check out MPV making new lows post FS. Diamond prices are falling plain and simple. Harry Winston, 'significant rough diamond sales will be deferred into the fourth quarter and POSSIBLY SUBSEQUENT PERIODS.' With actual diamond miners deferring sales, and attempted sales by some miners falling short and flat, you can hear the justified flushing sound WHOOOOOOOOSH, of junior potential miners in mid 2015, 2016 etc. And with current miners not even selling their inventory, GOOD LUCK trying to finance any future miner especially if the FS shows GREATLY increased Capital costs and diamond prices continue to FALL. In this scenario, GOOD LUCK STAYING OVER A BUCK!!!!!!! Add any other problems like recession, Europe crisis, etc and this could get real ugly. Just my humble opinion!! Good luck to everyone.