Post by
seaducked on Jun 28, 2022 5:19pm
Is this the end?
With the announcement today, I really am unsure we'll hear any good news on this project this year or next, unless it's a ploy from Rio Tinto in order to drive stock price down and buy it up cheap.
How does Star Diamond ever rebound from this. It could be years before Rio decides to proceed meanwhile stock holders will be too old to reap any rewards on this stock.
BOOOOO!!!!
Comment by
NorthOntKid on Jun 28, 2022 5:25pm
This is how the big boys F the small retail guys! The Province of Sakatchewan should look into what's happening here including the possibilityof buying it from RIO.
Comment by
seaducked on Jun 28, 2022 5:30pm
Either way, it's looking even worse for share holders. I don't like the Province owning this....but I would assume there would be some kind of lawsuit coming? Provincial involvment of some kind? Can they really just sit on this thing or even worse pull out altogether?
Comment by
NorthOntKid on Jun 28, 2022 5:35pm
Unfortunately they own 75% and dictate where this goes. I think they are trying to get a bigger share by whacking the price down!
Comment by
Stitches on Jun 28, 2022 6:36pm
Worst possible news, this is a total shock to me, possibly mothballed to kill Star Diamond and its investors, then grab all the shares Rio is able to get their hands on at fire sale prices, wait for oil to drop, then have a change of heart and bang, just like that have a mine and take it private? Good luck to all investors. Stitches