Quaterly and then Weekly round up9 Feb 2025 15:32
I predicted a fall from 1.5-1.8p area for last quarter to 1-1.2p. The reason for this was felt Lahtojoki would be delayed and in absence of news would fall to 1-1.2p area that quarter, that was well founded as we saw a fall to 1.1p mid.
We then saw a stabilization and I opined that my opinion was strong buy at 1.15p. I mentioned good timing as we saw stabilization and then a price rise to 1.35p, however I mentioned was technically overbought at 1.35p and saw a fall to 1.2p this week. With upside to 1.8p-3.25p minimum and possible 5-6p this quarter... Overbought it proved technically although the pullback was more than expected post stabilization to 0.95p. Funnily enough a figure mentioned in private to my closest confidants pre stabilization. This was unexpected post stabilization although will learn from it. We were then oversold but with a strong determined seller...
This brings us to this week. With the price of 0.95p being technically oversold a good RNS followed... It was described as most detailed in a decade. I agree in a sense, howEver it lacked a few details, that I hope will be forth coming to really set the shares alight and also made assumptions of timing of third parties Land Registry that would not predict personally with their track record of doing things in their own sweet time. Golden rule number 1 I have learned do not make a timeline prediction when is out of your control. The market will blame you if the third party fails to deliver as should be expected.
On the positive side I am pleased for stevehoops. This RNS confirmed what he has been saying for many years re Karelian being in pole position fancy diamonds Finland and a prospective diamond province.
No one can doubt that with this RNS ie largest diamond pipe discovered in Finland Seitapera 6 kilometres South West of Kuhmo and surface area 6.9 hectares... Add in olivine LAMPROITE DISCOVERY at Rihivaara circa 10 kilometres South to exploration kuhmo 1... Lentiiira area now we talking European diamonds/Kopane diamonds early 2000s-2010 a company I was invested in. Kuumu 1, 30 kilometres North of Green diamond discovery. In addition EXPLORATION PERMITS AT Liperi in the Joensuu region of Eastern Finland and Salla in Finnish side of Karelian Craton... With reflection over the weekend I would say that 100% constitutes a prospective diamond province of fancy diamonds.. Question is what price for a piece of it or the whole..
Add to this Northern Ireland opportunity currently being valued at £0
Lahtojoki that I have folowed since days of European Diamonds and Kopane diamonds for their PINK DIAMONDS... PEA none Jorc TOP OF HEAD US$28 million did not include pink diamonds? Think again... THE FUTURE IS PINK First Equity Broker note US$ 48 million think again... Since then Argyle mine closed November 2020. This mine accounted for 90% of PINK DIAMONDS production. Since which time Pink Diamond prices have been increasing 20% compoand a year ie have doubled. Hence re think
Sign In
Follow the stocks
