Star Diamond Corp T.DIAM

Between the Lines

[explman]

Do not iunder estimate this......."Rio Tinto also advised Star Diamond during today's joint venture management committee meeting that Rio Tinto intends to conduct a near-term review of its alternatives regarding the Project, including its potential exit." 

Do you think KM put that sentance in there because he wanted to? Or do you think he put that in there because RT forced him to? 

My bet, RT has made a decision, KM pleaded for some time, so the comprimise was that sentence. 

This pig is done, stick a fork in it.....

[TouncesDC]

The resource is the resource is the resource... Global repatriation and inflation and lots of RIO GAMEs... its a legit mine and will a piece of Central Sasky.... RIO defrauding us all... did you see the open?  500 gur!  Someone is buying at these levels...  F KM - can't tie his own shoelaces... 

[explman]

And the economics are the economics are the economics. Can not turn a sows ear into a silk purse, no matter how big the sows ear is. She is done, nothing left to see here....

[TouncesDC]

Been up there?  THIS IS FAR FROM OVER... THE DEPOSIT AND TIMING... RIO SLAPPED THE LITTLE GUY....  TIME FOR THE LITTLE GUY TO FIGHT BACK... SDC OVER TO YOU!  SEEMS LIKE MANY OTHERS ARE PIKCING UP THE SHARES THAT WERE DUMPED...   FNs approved, Federal Approval, provincial approval (RED TAPE APPROVED)...   this ain't over.... 

[explman]

Many times, on way to Waskisu, as part of team doing exploration in N Sask. Yes been there. Have seen just how close the Sask River is to the proposed pit. Have an understanding of the implications of a 200m pre strip in poorly consolidated praire sediments. Have an understanding of the required layback. Have an understanding of the the amount of pumping of water that will be required as the river

[NorthOntKid]

Then why has the Saskatchewan and Federal Government given their approval on this project?

[explman]

Remember Jericho? Fully permitted bankrupt mine. Remember Wolverine? Fully permitted bankrupt mine. The permitting process does not look at the economics (although some would argue it should). Just because the province and feds have said go for it does not mean it will make money. 

[NorthOntKid]

In your previous post you said the Sask River was a problem and now you argue it's  the economics. Why did RIO want to exercise all 4 options if they thought it was not economic?  

[explman]

If you throw enough money at the problem you will be able to overcome the Sak River issue. It is simply a matter of either pumping the pit out, or putting a "freezing curtain" around the pit to stop the water coming. Both of these are VERY EXPENSIVE, and thus the impact of the River on the economics. 101 stuff here. And RT exercised all 4 options, which if you rememeber were tied to

[NorthOntKid]

Unlike you and many others who bought at 19.5 cents over the last 3 days , this pig is not done yet.

[TouncesDC]

WELL SAID

[explman]

That sound you hear, that is the fat lady warming up her vocal chords.....

[NorthOntKid]

All I hear is the sound of a shorter!

[explman]

Ka ching ka ching......

[TouncesDC]

I'll step in here... have respect!  

[NorthOntKid]

Thanks TDC but shorties don't respect anyone, not even themselves.

[explman]

Long = delusional, short = rational. Truth hurts. Will start to hurt more soon.

[Jeb068]

maybe you'll have to explain your concept of reality to us one day over a warm glass of milk. I'm long on this still but didn't just fall off the banana boat yesterday either. I'll enjoy my whiskey while u explain yourself from the other side of the fence. Use your delusion lol.

[TouncesDC]

Atta boyee Jeb!  I'm long too.  Just a matter of time...  Can't spend Billions on disney dust...  this puppy will fly once the NYT does a story on Global supply chains,  Biden was in Israel earlier today....  patience pays