STOCKCHASE

Diamond stocks are not necessarily a cakewalk. This is a story where a mine was put into production in the North West Territories, but costs were a lot higher than expected and the company ran into cash flow problems and the grade was not what they expected.

2008-01-03

DON'T BUY

0.095

They are out of money and are doing a rights offering. Their big partner Teck (TCK.B-T) has decided not to participate. This is a sign that there is not much left there.

2007-12-14

DON'T BUY

0.380

Paul Macdonald

Been an absolute disappointment. There better places to put your money. There is some value there. Seasonal affect in diamond sector.

2007-09-18

WEAK BUY

0.640

Larry Berman CFA, CMT, CTA

Had some difficult results coming out of their diamond mining operations. Very well run. Good speculation.

2007-07-03

WATCH

0.880

Ben Stadelmann

Has been watching this. Has had a long cycle of exploration, development and production. During the anticipation phase, companies get quite well valued, but seem to drop at production time. Would look for it to be bottoming out.

2007-04-20

DON'T BUY

0.920

Dennis Da Silva

Have their work cut out for them in running their diamond mine. The grade seems to be disappointing.

2007-04-05

DON'T BUY

1.240

At every opportunity, the stock has made lower lows and lower highs. The chart does not show a change in this trend.

2007-02-21

Comment

1.030

Larry Berman CFA, CMT, CTA

This has had a terrible downtrend. Any future sell offs you don't want to make a new low. If the November low, which is now being tested, holds it could be a sign of a new bottom. After that, you want to see if you could make a higher high.

2007-01-17

HOLD

1.190

Have had a rough year with production issues. Stock has probably hit the bottom. May take a couple of years to get back into investors’ minds again.

2006-12-28

BUY

1.190

Had a problem recently in that production was much lower and grades where much lower. A well structured company. They have an agreement with Tiffany Diamonds.

2006-10-24

BUY

1.810

Neil Wickham

Prefers diamonds to gold. Diamonds have tended to trade off of gold so with gold down, diamonds tended to go with it. A good operation.

2006-10-03

DON'T BUY

2.500

Diamond producer. Significant run-up late last year because of a kimberlitic pipe called “Musk Ox”. Still trying to determine its size. Jericho mine just went into production. Will announced their quarter Aug 3rd. Stock is fully valued for Jericho.

2006-07-31

WEAK BUY

2.250

Just put their Jericho Nunavut ore body into production. Stock is trading at a fair value. Upside is somewhat limited.

2006-06-29

DON'T BUY

2.460

Thinks the story is playing itself out. Had a big run-up when it looked like the mine was going to be a commercial. Time to move on to the next one that he thinks is Shore Gold (SGF-T) at the right price.

2006-06-06

DON'T BUY

2.420

Had felt that this would be the next operating diamond mine in Canada. But the stock to go any higher, they have to have fantastic operating success or have additional resources which he can't see.

2006-05-24

VAGUE

0.770

Tahera is coming into production April 06. (diamonds) It has taken around 10 years to get to this stage. It is a good area and good exploration potential. He owns shares in Shoregold in Sask. as one of his diamond stocks.

2006-03-14

WEAK BUY

0.790

Ron Meisels

Stock has done well. Be aware of the gap on the chart. It is a speculative stock. Suggests that buy at a break-up of 80 cents or a pull back of 60 cents.

2006-03-02

BUY

0.770

In the diamond mining business. In the unique position of being one of the few diamond mines earning money that you can invest in. Optimistic about their future. This would be a long-term hold.

2006-02-16

BUY

0.650

Has gone up very nicely lately. The mine is just about ready to go into production now. It should cash flow over $30 million a year. Should pay back the capital within about three years. Have discovered another pipe called the Muskox. This is reportedly three times the size of the other one.

2006-01-11

WAIT

0.670

A nice asset and a nice company. Has good partnerships. The recent run needs to be consolidated a little bit. If you're a trader, take some profits of the table.

2006-01-05

WEAK BUY

0.510

A good company. Has a small diamond project which is moving forward quite nicely. His only problem is, what's next? They're doing some exploration. Not sure there's a lot of potential. Could be a takeover, but they've signed an agreement to sell their diamonds going forward, so not sure a takeover is really going to happen.

2005-11-21

DON'T BUY

0.365

Nothing wrong with the company. Stock could go up 15/20% from here. They keep issuing stock which he doesn't like. In the diamond mining you get more bang for the buck by buying a company that is in transition in becoming a mine, so the easy money is gone. This is why he prefers Shore Gold (SGF-T).

2005-07-26

DON'T BUY

0.395

Has been a change for the bettre in management. Diamonds still remain a relatively hot area, but not of interest to him. Very speculative.

2005-06-07

BUY on WEAKNESS

0.480

A good diamond play. Getting near production. Valuation is quite high. Prefers diamond plays when they have a big discovery and some years before production. Would consider in the $0.40/0.45 range.

2005-03-23

DON'T BUY

0.530

Will be a small diamond operation. His valuation is slightly less than where the price is today. Fully valued.

2005-03-21

DON'T BUY

0.570

Rick Rule

very checkered past. Very perspective ground. not for impatiant or faint hearted.

2005-03-08

WEAK BUY

0.395

Thinks this is going to be the next diamond mine in Canada. On their existing diamond reserve base, the stock is actually slightly expensive. They are in the zone where they could get some exploration success. Risky.

2005-01-07

BUY

0.370

Robert Floyd

Made a lot of advances this year in terms of moving towards the developement of their Jerrico mine. Just did a flow-through share deal along with a large equity deal. Once the company starts getting into production you'll start to see some revenues.

2004-12-17

WATCH

0.360

Ron Meisels

Golds, silver and diamond stocks are in phase right now. Has been in a very narrow trading range recently of $0.30 to $0.40. If there is a break out of the trading range, go with it.

2004-11-16

DON'T BUY

0.345

Became concerned because management laced themselves with so many options. Change in management, but doesn't follow the company now.

2004-11-09

BUY on WEAKNESS

0.390

Will be a diamond producer in the next couple of years. Getting financing and the price of financing still hasn't been determined. Would buy at around the $0.35 area.

2004-10-25

BUY

0.395

Robert Floyd

They are going ahead with their diamond mine and are looking to raise equity. Also have a contract with a large diamond retailer.

2004-10-19

BUY

0.345

Robert Floyd

Inexpensive. Will probably be the next operating diamond mine.

2004-10-06

BUY on WEAKNESS

0.370

Likes the story. Sold out when the stock moved up last week. Feels it will drop again and they will repurchase. A long-term story. Low-cost producers. Very speculative.

2004-09-07

BUY

0.310

Have started building their mine and expects production within two years. Very close to having earnings and cash flow coming into the company. Speculative.

2004-08-09

DON'T BUY

0.380

Too many shares in play. Not interested.

2004-06-15

BUY

0.410

Have to look at this one on a long-term basis. When the Jericho mine starts up, it should cash flow about $30 million a year. The pact with De Beers is a good one. Good price. Speculative.

2004-06-08

BUY

0.355

Ron Meisels

Had formed a triangle formation and had a breakout from there. Now it's coming back into support level around $.30/.35, which is a good time to start accumulating.

2004-04-23

DON'T BUY

0.360

Had looked at it previously, but management had too many options available. The diamond section is an interesting area. Speculative.

2004-04-19

BUY

0.420

Craig Porter

Will probably be the third diamond mine in Canada. On track for getting approval by the government. In 2/3 years you have an operating diamond mine.

2004-03-11

BUY

0.455

Gavin Graham

Just got government approval. An interesting play. Will be three years before the diamonds come out of the ground.

2004-03-04

WEAK BUY

0.430

Will be putting the Northwest Territories projects into production relatively inexpensively because a lot of the infrastructure from other mines. Once in production, they can free cash flow $30/37 million a year.

2004-02-27

DON'T BUY

0.450

This will be the next Diamond mine in Canada. Won't make much money. Too many shares outstanding.

2004-02-20

WATCH

0.360

Successfully concluded negotiations with NWT gov. Lots of activity. Trading close to far market value.

2004-02-02

DON'T BUY

0.360

Probably trading close to fair value.

2004-01-23

DON'T BUY

0.260

Key players control to many shares through options.

2003-12-05

WEAK BUY

0.255

Lou Schizas

Have a lot of shares outstanding. Third quarter results indicate advancement of their diamond mines in Nunavut. Also had some good additions to their board. They have a lot of ambition and not a lot of capital resources, so they keep issuing stock.

2003-11-24

WEAK BUY

0.140

Found a diamond pipe, but too small for major developers, so working it on their own. Some scepticism. The CEO has just resigned.

2003-10-10

BUY

0.130

Craig Porter

A long term position. Very cheap.

2003-06-02

DON'T BUY

0.145

Insiders have too many options.

2003-04-24

DON'T BUY

0.320