Diamonds & Specialty Minerals Summary for Aug. 21, 2014
2014-08-21 18:52 ET - Market Summary
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Will
its been a long long while.
Interesting that the diamond sites like WWW, Idex and Rap never picked up on DDC recent production numbers in advance of the Q2 financials, and even more interesting to read your comment on 418 grades....
I remember Ken Hannah, back in the bad old days dog and pony shows flashing sections with portions at 10cpt. Did you ever see those?
Numbers sure look great. trading sure looks strange.
what is your take on the short numbers? I see the position averaged around 15.40 +-
cheers
Borson
Posted by Borson at 2014-08-21 23:47
Howdy stranger!
Yes, I thought it strange that Dominion's successes have largely been missed by the media and analysts.
A-418 is a complicated pipe. Perhaps they all are, in their own way, but 418's grade has been all over the place.
I've given up trying to figure out the short position with companies like Dominion. I think its just the result of major investors balancing positions etc. -- computer trading and so on. Given the performance of the short sales over the years, it doesn't seem to be particularly profitable. Perhaps more a hedge?
Will
Posted by Will Purcell at 2014-08-22 11:29
.......or convenient non-bank financing alternative
60M$ appears to be at negative interest rates today...... We'll see what happens with the q2 financials, though
Regards
And thanks for your coverage
B
Posted by Borson at 2014-08-25 10:28
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