Pangolin Diamonds Corp V.PAN.H

Alternate Symbol(s): KGHZF

Metals & Mining Industrial Metals & Minerals

Pangolin Diamonds Corp. is a Canada-based diamond exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties in Botswana. The Company, through its wholly owned subsidiaries, holds title to various properties (the Pangolin Properties). The Pangolin Properties consist of approximately 17 diamond prospecting licenses (PLs). Its Motloutse Diamond Project is located in eastern Botswana and is comprised of eight diamond PLs. Its Kweneng Project is located in the Kweneng District and covers an area of approximately 361 square kilometers (km2). The Company's subsidiaries include Pangolin Diamonds Limited, Pangolin Diamonds (Pty) Limited, Geocontracts Botswana (Pty) Limited, and Amulet Diamond (Botswana) Pty Limited.

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Pangolin Diamonds Corp

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Comment by jpbbon Oct 24, 2013 12:36pm

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Post# 21845650

RE:Curious

Definitely not all or nothing with regards to the upcoming Tsabong drill results. They have multiple kimberlites already. The Tsabong results will hopefully have more indicator minerals (they've already found some) and if we're really lucky they will have diamonds. The odds of diamonds in a drill hole is very low, though, given that diamond deposits are very low-grade in general compared to gold or silver for example. If these results dissappoint, there are still multiple other potential catalysts for the stock in the near future so PAN is definitely not at an all or nothing stage (although I suspect there are some retail traders who entered the stock last week hoping for drill result this week which is why we are seeing some week hands selling now).

Gaps are being covered, weak hands are giving up, and a new base is forming IMO.

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