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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
Comment by crockyon May 10, 2013 2:17pm
234 Views
Post# 21363989

RE: will we ever get our money back

RE: will we ever get our money back

Hey Bruce,

     Buying any stock at any price pre-2008 was a gamble as we soon found out. Rio Tinto lost 85% of it's value at one point and they were the 3rd largest mining company in the world. So we all learned a lesson. Problem was the game changed after that point . What you call high share prices may have been reasonable relative to the other players at that time.

   . There is no going back to that time of hyper inflated shareprice based on giddy exuberance. Anyone who didn't sober up after 2008/9 is headed for a repeat disappointment. So the baseline price for this stock is going to be much, much lower than it was during the period leading up to the completed prefeas and feas studies. At some point we can hope for better value but we have to look at how this play compares to our peers . We also have a chitload of shares outstanding . And I hope we don't dilute a lot further but that is looking to be seriously over-optimistic at this point.

   The U.S. economy is showing signs of healing and they like their diamonds as well. The increase in demand should bode well for us but you're right , it will take a while . Bring on the completion of the EIS!

Bullboard Posts