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Star Diamond Corp T.DIAM

Alternate Symbol(s):  SHGDF

Star Diamond Corporation is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. Its primary asset is its 100% interest in the Fort a la Corne property, which is located in central Saskatchewan. Its Fort a La Corne Diamond Project includes Star and Orion South Kimberlites. These kimberlites are in close proximity to established infrastructure, including paved highways and the electrical power grid. The Star-Orion South Diamond Project is located within the Fort a la Corne diamond district of central Saskatchewan, Canada. These Fort a la Corne mineral dispositions are located in the Fort a la Corne Provincial Forest, approximately 60 kilometers (km) east of Prince Albert, Saskatchewan. It also holds a 100% interest in the Buffalo Hills Diamond Project, located approximately 400 kilometers northwest of Edmonton, Alberta, Canada. The property covers a total of 21 mineral leases covering an area of approximately 4,800 hectares (ha).


TSX:DIAM - Post by User

Bullboard Posts
Post by pickinbottles1on Mar 03, 2012 9:59am
629 Views
Post# 19621887

Be very careful

Be very careful

I don't think anyone should fully believe or assume that Ken actually has a buyer or even had a deal close to completion. The news release says they did but there is no way to prove it one way or another.  This is where Ken shines.  He either says nothing or he says nothing.

Until they become completely transparent and share with shareholders the details of any such deal, I for one will not buy into it.  I agree with those who have posted here saying we are entitled at this point to the details that would prove there actually is a interested party. For me, all it would take is that Ken meet with those I trust (Brent, Crocky, Duffer, Paddiewack) and share the necessary details. Then have the shareholder team report back a "yes" or "no" to the of whether or not there is an interested party.  I don't think SGF should have to show their hand to the world at this time.  One thing for sure is I am not interested in a report of what Joe said in a phone call.

This latest NR was a bad one and some here seem to be indicating that our share price and overall good fortune will change in the short term (days and months).  I am not in that camp.  If a deal was imminent and just  somehow reliant on a completed EIS then I think the staff trimming would not have happened.  My interpretation is WE ARE IN FOR A LONG WAIT if Ken remains or leader.  There is no interested party IMO.  Until I see proof otherwise I'm using Ken's past performance as my guide on this one.

I do agree with some when they say stay calm. I would not sell at these levels.  I would wait for a spike (perhaps on the EIS news and the speculation it may bring) then unload some if you need to. Personally I plan too IF Ken is our leader at that time.  If he is gone I'll probably hold or perhaps buy more.

Certainly, everyone is entitled to an opinion, but be very careful of those who sing praises of this last NR and/or in favor of Ken.  

There will be a lot of flip-flopping by some of the amateurs posting here.  I suggest doing your own thorough and objective DD and just read their posts for amusement only.

Best of luck.

Pickinbottles 

Bullboard Posts