GREY:PGDIF - Post by User
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Silverwhereon May 15, 2016 4:28pm
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Queen of Diamonds
Queen of Diamonds Do NOT be surprised if when Gren’s daughter returns to address her continued yearning for diamonds (very shiny ones like those earrings she wears in her interview(s) – those big stones from Diavik).
Here’s a compilation of (Oldies but Goodies) data for PGD dreamers to peruse/re-read as it pertains to formidable players in the exploration/development gig. Any/all of these could potentially follow Eira Thomas to her next venture – which, yes, might just involve Peregrine.
Never say never in this gig. PGD’s upside is exponential from here. Therefore this PGD money magnet will most definitely attract magnates. All in due time (late summer 2016?).
>>>>> One of the most successful investing families in the resource markets the Lundin family is bullish on diamonds. Lundin’s first investment in diamonds has turned out extremely well with Lucara Diamonds (LUC:TSX) being one of the best performing resource stocks during the past couple of years.
The Lundin family through Zebra Holdings & Investments has also taken a nearly 20% stake in North Arrow Minerals (NAR:TSXV), a junior diamond company with a portfolio of diamond exploration projects in Canada. Canada’s Diamond Potential is Sparkling Again
Jul 3, 2015 | Posted by: James Fraser
https://www.miningfeeds.com/2015/07/03/canadas-diamond-potential-is-sparkling-again/
>>>>>
Symbol: KAM: TSX-V
https://www.kaminak.com/investors/corporate_data/
>>>>>
The PEA was announced on June 10 and the next day, Kaminak shares surged about 29%, from 72 cents to 93 cents, before settling back to the 80-cent level in the following weeks.
Then on July 14, Kaminak released some news that seemed to move the needle in a more permanent way – a $13.5-million equity investment in the company by Vancouver mining entrepreneurs Ross Beaty and Lukas Lundin.
Beaty is flush with cash after selling his Lumina Copper to First Quantum Minerals for $470-million (he owned 26% of shares). He is also a 10% holder of Augusta Resource, which finally capitulated in its long-running battle with Hudbay after the miner sweetened its offer for the copper junior.
Lundin runs a mining empire that spans the globe, with interests in junior and producing miners in copper, gold, uranium, diamonds and more. One of his companies is African diamond producer and market darling Lucara Diamond, which has delivered shareholders a 1-year return of 188%. Thomas is a Lucara director and one of its largest individual shareholders – she owns 7.7 million shares, a 2% stake worth about $20 million. Lundin family holding companies are also the largest shareholder of Canadian diamond explorer North Arrow Minerals, which is run by Thomas’s father Gren Thomas. Eira is an advisor to North Arrow.
Beaty and Lundin will each hold 10% stakes in Kaminak following the close of the private placement, which consisted of 80-cent units (one common share and a half-warrant). Kaminak Gold: What you have, who you know Posted on August 8, 2014 by Editor
https://worldofmining.com/kaminak-gold-what-you-have-who-you-know/
>>>>> Thomas’s Aber Resources made its diamond breakthrough at Lac de Gras in the spring of 1994, when a field exploration team that included his daughter Eira Thomas and Robin Hopkins drilled a discovery hole that included a diamond in the core.
“I get this phone call from the camp, from Eira, saying, ‘Don’t do that financing, I want to speak to you first,’ ” he says. “I could tell by talking to her that there was something up, but I didn’t expect to see her to show up in Vancouver with a piece of core with a diamond sticking out of it.”
The discovery helped establish Canada as a diamond powerhouse, a major factor in pushing De Beers from its perch atop the global industry.
Investors are certainly glad Thomas made the trip across the Atlantic. Aber traded for dimes before Thomas and partners began hunting for diamonds, and one of the company’s first financings after staking a huge swath of the Northwest Territories was at $1.00 a share.
But the stock surged after the legendary discovery of the Diavik kimberlite pipes, and Aber successor Harry Winston Diamonds later peaked above $50. (“Diavik” is a combination of diamonds and West Viking, one of Thomas’s prior companies.)
The Diavik mine is expected to produce 6.5 million carats this year for operator Rio Tinto (60% owner) and Aber successor Dominion Diamond (40%).
>>>>>
The Thomas family retains strong links with Lundin, a tie forged during the formation of his African diamond play Lucara Diamond. Despite a recent pullback, Lucara stock remains one of the diamond market’s rock stars, with a one-year return of 100% on the strength of large, high-value stones pulled from its Botswana mine.
Eira Thomas was instrumental in the formation of Lucara and remains a director of the company, as well as one of its largest shareholders. She told the Vancouver Sun in a recent interview she is “very bullish” on the company, describing CEO William Lamb as a “great CEO.”
“I think he’s going to build a strong foundation for the future,” she said.
Lamb, as a North Arrow director, also has a stake in the success of Qilalugaq.
Just as Thomas’s North Arrow Minerals has caught the attention of Lundin, Thomas has been watching Lucara’s successes with an appreciative eye.
“Lucara’s an outstanding diamond company,” Thomas says. “I’m hoping, of course, we can do something similar with North Arrow here.” Ace of diamonds: Prospector Gren Thomas on his next big score Posted on October 3, 2014 by Editor
https://worldofmining.com/ace-of-diamonds-prospector-gren-thomas-on-his-next-big-score/