GREY:PGDIF - Post by User
Post by
robybobon Dec 22, 2015 10:58am
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Post# 24404633
Dominion considering sale of company
Dominion considering sale of companyas share prices fall. so much for a pssoble suitor there now.
https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/dominion-diamond-said-to-explore-sale-as-shareholders-revolt/article27901708/
seems al the supporters here are turning on the company, except ekim, who is pretty quiet IMO.
The one thing that strikes me is JK's note about being a diamond mine, and I don't think too many here doubt it at this point, is the amount of financing that has to come to build a mine. I have read here 500 million, read here a billion, lets say 750 million, at a dime sp, even the 30-50 cent PEA target JK has now, that is a tonne of paper. I know some will say banks will come into play, I think it will be next to impossible to secure bank financing with diamond prices tanking, world economies looking glum over the next 3-5 years, and I don't think Robert has 750 million to throw at a mine. There is a great deal riding on CH7, as CH6 will never be a mine alone. If we do not get the goods in the next 4-6 weeks, then I do think this company has run itself into the ground. Everyone have a Merry Christmas, see you in the new year, hopefully 2016 will be a better year for the believers.