RE:Diamcor Second Fiscal Quarter Sales and Operational Updategross revs up about $210K but since they lost over 700K last qtr, we are still not close to positive cashflow. Diamond prices going lower isn't helping. Was encouraged to see that they held as much inventory as they sold, indicating production is increasing. Sales plus inventory equals about 8,000 carats for the qtr. That's a far cry from the 20,000 carats/month they forecast when I bought but it's a start. Mentioned water as a limiting factor in increasing production.
Did you just find this out?????? You've been in test mode for 3 years. Why couldn't you anticipate that it would take more water to process more material. I guess it's easier to project 20,000 carats/month on an excel spreadsheet and make up a bunch of nice graphs than it is to do it for real.