Mark-expat2 Oct 2008 21:38
This has taken a real bashing, hope you're not out too much if you bought in! Sentiment on the SP may be down to investors viewing a decline in the wealth of the potential rich buyers, miners taking big hits generally and GEMD's more prestigous investors (which they have/had) taking their cash out to pump into the banks, with the intention of buying back in here on good lower prices. I feel this will recover, as people with hard cash may hedge some of that cash into diamonds, especially cut diamonds, which they do also. One thing I cannot understand is that when I posted here about this company, the diamond price was predicted to go up (it did) and this SP seemed to have hit what I thought was a good low buy in price, having fallen for a while before that. That's my rough n' ready explanation, I'll try find out more in next few days..........always good to talk with you as usual, I reckon you made a killing on the banks, eh???