Diamonds North Resources
Toronto symbol DDN, has interests in 10 projects covering over eight million exploration acres in Nunavut and the Northwest Territories. Its prospects range from early to advanced-stage exploration.
Long-time readers know that we are constantly reevaluating our stock picks. Here are 12 stocks that have only limited growth prospects for the foreseeable future. We now see them all as sells.
TETHYS PETROLEUM $1.42 (Toronto symbol TPL) produces and explores for oil and gas in Central Asia. Operating in that region adds significant political and legal risk to the …read more »
DIAMONDS NORTH RESOURCES $0.17 (Toronto symbol DDN; TSINetwork Rating: Start-up) (1-866-802-2010; www.diamondsnorthresources.com; Shares outstanding: 86.9 million; Market cap: $14.8 million; No dividends paid) has identified 22 areas on its Amaruk property in Nunavut that could contain nickel. Its partner, Minerals and Metals Group, plans to spend $1.65 million to explore the property in 2011.
Minerals and Metals is earning a …read more »
DIAMONDS NORTH RESOURCES $0.60 (Toronto symbol DDN; SI Rating: Start-up) (1-866-802-2010; www.diamondsnorthresources.com; Shares outstanding: 74.4 million; Market cap: $44.7 million) has interests in 10 projects covering over eight million exploration acres in Nunavut and the Northwest Territories. Its prospects range from early to advanced-stage exploration.
Diamonds North’s leading prospect is its 100%- held Amuruk project in Nunavut. To date, the company …read more »
Here are two of the most promising early stage diamond stocks. Both have speculative appeal, but they are buys only for highly aggressive investors.
STORNOWAY DIAMOND CORP. $0.22 (Toronto symbol SWY; SI Rating: Start-up) (1-888-338-2200; www.sornowaydiamonds.com; Shares outstanding: 227.2 million; Market cap: $50.0 million) holds interests in over 14 diamond exploration properties in Canada and one in Botswana. TSE-listed Agnico-Eagle holds …read more »
DIAMONDS NORTH RESOURCES $1.47 (Toronto symbol DDN; SI Rating: Start-up) (1-866-802-2010; www.diamondsnorthresources.com; Shares outstanding: 59.0 million; Market cap: $86.7 million) jumped as high as $2.05 recently, after it reported high diamond counts from the Tuktu 1 kimberlite on its 100%-owned Amaruk property in the Pelly Bay Diamond District of Nunavut.
A total of 550 diamonds were recovered from an 81.75-kilogram drill-hole …read more »
DIAMONDS NORTH RESOURCES $0.93 (Toronto symbol DDN; SI Rating: Start-up) (1-866-802- 2010; www.diamondsnorthresources.com; Shares outstanding: 50.9 million; Market cap: $47.3 million) has interests in 12 projects covering over 10 million exploration acres in Nunavut and the Northwest Territories. Its prospects range from early to advanced-stage exploration.
Diamonds North’s leading prospect is its 100%- held Amuruk project in Nunavut. To date, the …read more »
Investing in diamond exploration stocks is risky. It’s a long way between the exploration phase and the commercial production phase when they begin to produce diamonds for sale and possibly start making money. There’s often a long lag between signs of progress, and share prices can drift down in the meantime. Sometimes news is negative, and share prices fall sharply.
Still, …read more »
