Post by
soundmoney24 on Dec 21, 2024 11:04am
Star Diamond The Great Plunge from Promising Project
I was an early investor in Star when the project was developing. A number of people/companies were investing, talking to, watching this project. Big companies like RIO Tint0, Newmont, etc. They brought in Big equipment etc. Alot of $$$$$ was spent but, always a disappointment with the results, that continue to show indication but not what they wanted.
Early MGMt, at first seemed good but wasted a lot of $$$$, paid themselves well. They gave out some nice jacket? etc.
There was a time a big company was interested in buying, based on Key shareholder but people behind Star wanted too much $$$, According to a large share holder they asked a major Canadian Broker to perhaps find a buyer more in what the former MGMT and key shareholder wanted. No takers.
So Star simply, overtime, after Newmont investment etc. simply collpased to where it is now.
Diamonds yes they have some but nobody has been able to figure this out. George the head Geo put a lot of hard work and belived in the project.
Perhaps, in the futre, somebody will buy Star, pennies on the dollar, and actually find the Diamonds.
PS. I have visited this project and went under ground in the early days.