GREY:PGDIF - Post by User
Comment by
ekimon Jul 14, 2017 1:40pm
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Post# 26470154
RE:RE:RE:DDC is Halted
RE:RE:RE:DDC is HaltedDDC will be gobbled up by Dennis Washington and be private from that point in.
The investable landscape for retail investors into the diamond space will be materially reduced.
For diamond production...this is it:
Lucara - Botswana
MPVD - 49% owner of Gahcho Kue
SWY - 80% owner of Renard (taking out the stream).
Lucara is a unique aspect of the market, MPVD still needs to go through some cash calls and SWY has to stop breaking diamonds.
None of these simulate the same investment criteria/risk you would get out of DDC.
If MPVD or SWY get taken private and follow DDC's path...that compresses the market even more.
LONG...PGD
EKIM