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Most Anticipated Earnings: UNC-T, DAN-X and more Canadian Companies Reporting Earnings this Week (Nov 27-Dec 01)Earning Reports to Watch (Nov 26-30)South African mining. It has been quite disappointing. They had a hiccup in their production. He still owns it. They have been finding larger karats but have had a bit of a water issue. You need to continue to hold it.
Would have expected them to be cash flow positive this past quarter, but they weren’t, but are ramping up nicely. However, rough diamond prices have come off quite a bit. This is a very, very cheap stock. He really likes the capital structure, it is only about $50 million market cap. Thinks they will start to ramp up and will start to see some cash flow and earnings. He is still quite bullish on this.
Has a diamond project in South Africa. They are starting to ramp up production. This stock is very underfollowed. Market cap is only about $50 million. There is no analyst that follows this right now, but there is a possibility they could earn between $.20 and $.40 in earnings this year, and the stock is only a little over $1. Thinks this will be a good stock over the next few years.
No one covers this story. When he looked at the numbers he got VERY interested. They just started to ramp up in terms of production. It should rise into Q1’17. They could earn 20-40 cents. He has 3 year warrants. Diamond prices are at a multi year low. This will start to get it on people’s radar screens.
Diamcor Mining Inc. is a Canadian stock, trading under the symbol DMI-X on the TSX Venture Exchange (DMI-CV). It is usually referred to as TSXV:DMI or DMI-X
In the last year, there was no coverage of Diamcor Mining Inc. published on Stockchase.
Diamcor Mining Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Diamcor Mining Inc..
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In the last year, there was no coverage of Diamcor Mining Inc. published on Stockchase.
On 2024-12-06, Diamcor Mining Inc. (DMI-X) stock closed at a price of $0.035.
It has been a disappointing stock to him. They have had some hiccups, but likes their asset base. The problem is that synthetic diamonds are taking away from overall demand. They have not been operating as well as they should have been. He might prefer Lucara Diamond (LUC-T).