GREY:PGDIF - Post by User
Comment by
ekimon Jan 26, 2015 6:29pm
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Post# 23365360
RE:RE:RE:RE:RE:PGD in-situ values then and now
RE:RE:RE:RE:RE:PGD in-situ values then and nowYean, CAD$'s makes a huge difference.
Of course, the other avenue that I've overlooked is the fact that rough diamond prices are down in US$ terms. I believe close to 9% over the last 9 to 10 months.
After the valuations on CH-6 diamonds were done, there was a continued rally of a few percent in teh market.
So, we probably are sitting on a 5% discount on the valuation prices.
If that holds, we may see that adjusted as they model CH-7, CH-44..but more importantly CH-6.
It would be nice if the Diamond market went through this period of congestion and started rallying just before the new diamonds from Chidliak are valued.
Wishful thinking?
LONG...PGD
EKIM