GREY:PGDIF - Post by User
Post by
ekimon Jan 08, 2015 4:59pm
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Post# 23299908
Rockwell Diamonds - news
Rockwell Diamonds - newsSuch a strange industry and times we invest in these days.
Rockwell diamonds is involved with alluvial diamond mining.
The market cap sits at $14 million.
They just did a deal (conditonal) for $28.5 million to purchase some property and equipment.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aRDI-2242144&symbol=RDI®ion=C
As part of the deal, they need to finance $12 million before March 31st of this year and is getting Dundee Capital Markets to help with that.
Looks like they will be doubling shares for sake of expansion...and that only represents half the money in the deal.
Another diamond related deal to watch from the sidelines.
Juniors definitely are alone in this environment....and this is another case.
EKIM