Diamonds North Resources Ltd V.DDN

Pending Beluga 3 Results

[Rocket101]

and here it sits with stink bid price with a head fake ask ! LOL HAHAhhaaaaaaaaaaaaaaaaaaaaaaa

Going to zero hahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

JMHO

Always do your dd

[romanko]

Rocket, I don’t understand what you mean by head fake and stink bid, going to zero??? Here’s my take on this kind of price action – it happens time and time again for these stocks on the eve of pending results. Either it’s nervous or impatient traders dumping, or traders exiting their positions because they like to day-trade in vacuums and avoid news periods because their precious trading

[pai]

Forget the diamond results...that's a long shot. They will be concentrating on the gold and with MMG(their partner) on the nickle. What do you mean they haven't found gold....reread the press releases. 

[romanko]

They putz’ed around on the gold this season, why do you think they didn’t drill?MMG? Well, they closed camp months ago, if there were results to report on that front we’d have them by now. I’m assuming no news is bad news on that front.Which leaves the beluga sample.Sorry to burst your illusions, I’m in the red on this one as much as anyone (probably more). But that’s just the way the situation

[pai]

Romanko I suggest you talk to Mark or if not him Troy instead of guessing. Ask them why they haven't drilled and what MMG is up to. I have no illusions. This is speculative. My only complaint is the pace at which things have progressed.

[romanko]

I talked to Mark personally, face to face, and the reason they didn't drill the gold was they couldn't pin-point targets for drilling. You can interpret that anyway you like. But clearly, the market was disappointed with no drills on the gold this season. Not to say it's not there, but next season is a long way off, and I've learnt the hard way just how painful it is holding DDN

[pai]

Mark is conservative in, in my opinion, when it comes to spending money. He wants to be more confident when he sticks a drill in the ground. There is gold there...its just a matter of drilling in the right spot. As far as the nickle and MMG is concerned, I think Mark again didn't want to spend the money therefore JVed it out to MMG who apparently have spent  2m on the property. Hopefully