Star Diamond Corp T.DIAM

Market Valuation

[NorthOntKid]

Star went from 25% ownership of the project to 100% while RIO went from 75% down to 20%
ownership. Star now owns a $100 Million Bauer Rig and was given $3 Million in cash as well millions of dollars of research data.
How can this stock trade at the same price as it did before the deal was done???
is the market waiting for the deal to close before it reflects a much higher and truer value?.

[explman]

There is no way that rig is worth a $100m for starters. 100% of nothing is still a very small number, and guess what, they dont have enough money to do anything so expect another financing to be rammed down your throat soon. Any other questions? How many more majors have to leave before you get the hint that this project is sub-economic, and has been for 25 years.

[NorthOntKid]

Hey Troll, RIO HASN'T LEFT, They still own 19.9% and Newmont still holds around 13% Get your facts straight before you shoot your troll yap off!  

[explman]

Lets see what they own after the next financing. I bet neither particpates and as they say, if you aint a buyer, your a seller.

[NorthOntKid]

Hey Troll Explman,  suggest you go back to grammar school. It's you're a seller not your a seller.

[Jeb068]

Ewan stated the rig plus the facility made on site in n sask w xray sorter unit and all associated sea cans of equipment and parts were worth around 100m.  Star diamond is currently the largest diamond PRODUCER in sk w a 65million market cap. Who do u work for explman? What kind of diamond reserves are you sitting on? Exploration vs producton, what do u do?  We r in a known field

[FRANKtheTANK]

Brutal.  *************************************************************************************************************************.   And this site, although "loaded" with diamonds", may never produce a single one.  *************************************************************************************************************************.  Facts and reality

[FRANKtheTANK]

BRUTAL because you say we are producing.  *************************************************************************************************************************.  FRANK.

[explman]

As for the value of the equipment, lets see what the next financials say shall we. As for your statement regarding Star being the largest PRODUCER, I am abit unsure how to answer that. So I will be polite and point out that Star has yet to PRODUCE a single diamond. They have idetified diamonds in their samples, but as Frank rightly points out, these belong to King Charles. DIAM is YEARS away from

[NorthOntKid]

I see you're still a TROLL  Time will tell.THE DIAMONDS ARE STILLN THERE!!!

[explman]

How much time do you think is required? How long has it been, 25years? May be more? Ekati, Diavik, etc will have all been discovered, permitted, built, mined ouit, and closed, in the time it has taken. 

[NorthOntKid]

You're finally right about something, they are all mined out! So where do think a new supply will come from? Hint: Somewhere in Saskatchewan.