GREY:PGDIF - Post by User
Comment by
xDeBeerson Oct 22, 2013 8:13pm
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Post# 21839402
RE:plan b and c
RE:plan b and cIn my opinion, companies that would look at the Chidliak project with a view to getting their hands on it would include:
In order of likelihood:
- Dominion Diamonds
- GEM Diamonds
- Rio Tinto
- Alrosa
- Stornaway Diamonds
Dominion is the most likely due to the extra value they would get from DO27. Thus their offer could be more. GEM Diamonds are horrible at exploration but very good at running marginal diamonds mines. If they can run Ellendale for a profit, then they can certainly mine Chidliak for a profit. Rio Tinto: the news of their demise has been greatly exaggerated...
Alrosa: Going public and in a better position to invest in Canada and try to get some legitimacy. The Canadian government may block that. Stornaway: kinda busy at Renard, but not out of the question that they could scrounge around for cash now and have a lot more cash in a couple of years when their mine starts producing.
Not sure which one is the best for shareholders. I want the opportunity for the share price to go >$10 in many years time. Not bought out for $2 by DDC next year, while the Friedlands sit on 20% and make the big bucks over a larger time frame.