GREY:SWYDF - Post by User
Post by
shambano1on Mar 22, 2017 8:53am
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Post# 26012487
we have a working and profitable mine
we have a working and profitable minethe profit part still needs to be confirmed but as LC has mentioned, 3 diamond sales under our belts, the mining process continues to improve , underground mine development back on schedule and kinks with larger stones breakage is also coming along.
so all things point to a successful stand alone diamond mining company for the next 12 or maybe 20 years with further drilling and exploration.
one thing I have learned lately, a mine in the hand is worth 2 or even 3 in the bushes and I repeat we have a good mine.
I have also learned that diamond produciton on a world scale is or has peaked, these types of mines are very capital intensive to discover and build and usually in very remote locals.
again we have a working mine with more reserves in and around the current deposits.
maybe we need scale, bigger is better we are told.
if diamond produciton is in fact peaking, and clean bloodless diamonds are going up in value, then I repeat, we have what you want.
is a merger with dominion a good thing?
I think it might help them more than us, unless we get a really good value for our shares but SWY is controlled by much bigger shareholders than us lonely retail investors, so in the end they will decide our fate.
but where there is smoke , there is fire, something will transpire.
even a sale of dominion for a good valuation will help SWY with or without a merger.
1.50 is my minimun sale price but that's just my own opinion on what SWY shoud be trading at.
DYODD