NYSEAM:DDC - Post by User
Comment by
explorer49on May 21, 2015 12:40pm
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Post# 23749931
RE:DDC buy SWY ?
RE:DDC buy SWY ?DDC has to do something and buying SWY is one way for them to avoid dropping like a rock when the updated diamond prices for Jay are released. Jay was marginal when the pre-feas was released in January - and they only got it over the minimum hurdle by escalating diamond prices by a crazy 2.5%. The new bulk sample will double the diamond parcel and give a more accurate estimate of revenue. If it comes in under $64/c, Jay's a dead bird. Crazy risk that can only be mitigated by buying SWY before new results in September.