Margaret Lake Diamonds Inc V.DIA

Back In Rights

[Greenstart]

It's quite possible that DIA could keep 60% FOR EVER if back in rights are in the JV By paying a premium to what was expensed on the project But 23% of a diamond mine with 55mm shares is absolutely awesome

[Goldy63]

I agree and posted that yesterday Green . The JV can always be revisted to the satisfaction of both parties but as it stands now its 60% Dia and 40% ADD . And yup whatever shakes out DIA has a gorgous tight float . Wonder what insiders own ?. Cheers . 

[CLOUDER]

thanks for the heads up goldy ,im in.

[Greenstart]

DIA had 1.2 mm$ OF PAYABLES at march 30th!!! No cash Announced financing at .03$ Dont base calculations on 55mm shares More like 100MM They will issue themselves cheap shares IMHO

[Goldy63]

Yes there may be a PP Greatstart  but funny how the soft bashing starts when ADD isred lol. Best thing to do is own both I guess but yes I pwn more DIA as 60% Dia /40% ADD still I see different . Even dillution its still a much better float then ADD yup . TGIF. 

[Scoop61]

I would think that DIA  would have signed a document saying they were not participating in the costs of the 2021 exploration proram at the time they opted out. So it is most likely 77% Arctic Star and 23% Margaret Lake Diamonds. If there was any chance Dia could back in and retain 60% Dia's share price would be higher than Add. Still 23% carried interest at this time is nothing to sneeze

[Rustyred24]

Your right and it less than that !

[Goldy63]

Market says different Rusty as DIA Green and ADD Red wonder why ? . Hey might as well be less or Zero like anybody cares about your dumb butt post . Cheers . 

[Goldy63]

At the very worst case scenario and time will tell DIA would get 23% and not pay a dime so yup sweet deal till ADD buys them out or the JV gets changed to the mutual satisfaction of both partys . Till then the market speaks . Cheers TGIF.