Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

Free
Message: Re: Date of Record for DDI
6
Dec 07, 2011 02:30PM
4
Dec 07, 2011 04:54PM
4
Dec 07, 2011 07:17PM

Cinema, I'm not sure what you mean about "before DDI was conceptualized"?

http://tmx.quotemedia.com/quote.php?qm_symbol=kwg&locale=EN

If you look at the three-month, that goes back to a time in September when we knew that DDI was going to be split out. If anything, there has been a slight rise a month ago since approximately the date that the DOR was announced. But realistically, if you look at the 1-year, you can see that the price has been pretty consistent since May, with the exception of one peak in July, and one dip in October when everyone was panicking about Europe.

Chauncy, I'm not sure how I missed the fact that DDI starts trading before the 15th. That's actually good, in my opinion. If the only people able to trade in the first few days are those who have shares due to inside access, then I believe that they'll set and attempt to maintain a steady market at target.

The one thing that I didn't touch upon would be the possibility of a positive news release by Bruce. If that happens, I would think that it would be very soon after the 15th, to support the SP of the newly trading shares. In fact, I've wondered for some time about the significance of December 15th as a Date Of Record. They could have set it slightly earlier. In my opinion, they've been dragging their heels a bit, above and beyond the expected delay due to the CRA ruling. I kind of wonder if the sample analysis was expected to be ready by approximately mid-December, and that's why they picked that DOR. They can't really hold on to material results and wait to release them, but they CAN push the lab for results in the 2nd week of December, and before getting them, ask if they can have a meeting on around the 13th to pick up the results and talk to the lab analysts.

2
Dec 08, 2011 12:38AM
Share
New Message
Please login to post a reply