RE:RE:The Diamond Business is in the sheeter....
Yes, Kimber seems to be on a mission to no-where. He understands bits and drabs about the diamond market, but much really. Kimber...... myself and others like me, do not really care that much about the daily trading price of MPV unless it provides a buying opportunity at this stage in its cycle. It has done so a few times recently. Whether it is $5, $4, $3, or $7 short term, doesn't matter. The big picture is what we look at, the picture you fail to see and understand......... Lots of ways to invest in the diamond industry to cover the bases, I mentioned what I do a while back. MPV will take care of itself. It has been good over the last many years, kinda like a personal ATM while the end game arrives.........As Gary mentioned, "Coloured Investment Grade" diamonds is another part of the industry. One I deal in, namely the Argyle pink diamonds. These diamonds are so rare they never go down in price, and are on fire now, as the mine they are produced from is closing in less than 5 years and produce 90%-95% of the world's pinks. These coloured diamonds are "negative" correlated to the stock market, and they just love this climate the world is in now as wealth changes hands. These diamonds are the most concentrated form of wealth in the world and trade in whatever currency you wish them to. For me it is the US dollar at this time. They have gained 30% just in the exchange rate Canadian vs US in the last 2 years alone, without even looking at their percentage gain because of their demand and rarity..........This is just another part of the industry, while MPV makes its move in its own time. The rough market is another I explained a while back, one you fail to understand.................. The 2015 Argyle Tender has just been unveiled and is making its journey around the world. The tender stones offered in 2014 were up 30%, and these stones play a big part in setting the price advances for the rest of the coloured market, year after year.The professor (wisdom) has you pegged for sure.......Have a look if interested.....https://blog.ncdia.com/2015/06/26/rio-tintos-2015-argyle-tender-is-back-with-some-red-diamonds/