ernie44
11 months ago
The partially evaluated Orion North kimberlites (K147/K148, K120 and K220) are estimated to contain more than 500 million tonnes of diamond-bearing kimberlite (News Release Mar 06, 2014).
Initial diamond parcels recovered from large diameter drill (“LDD)”) samples from Orion North kimberlites K120, K147/K148, all contain diamonds over one carat, including two high value stones of 7.50 and 6.88 carats, respectively. The presence of these large, high-quality diamonds points to the potential for coarse diamond size frequency distributions for the Orion North kimberlites.
The Orion North kimberlites have significantly elevated proportions of Type IIa diamonds, particularly K147/K148, which has 52 percent Type IIa diamonds in the size range from 0.05 to 7.00 carats.
capten
2 years ago
Diamond & Specialty Minerals Summary for May 8, 2023
2023-05-08 20:27 ET - Market Summary
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Will Purcell
The diamond and specialty minerals stocks box score for Monday was a ho-hum 96-92-122 as the TSX Venture Exchange rose four points to 619. Ewan Mason's Star Diamond Corp. (DIAM) lost one-half cent to 8.5 cents on 30,000 shares.
Star Diamond's stock remains mired in the single digits, but not for a lack of trying. Late last week, Mr. Mason, chairman, and since the start of the year its interim chief executive officer, updated investors by newsletter about the "go-forward options" at both the Fort a la Corne and Buffalo Hills joint ventures. Fort a la Corne -- FalCon in the parlance of Rio Tinto, Star's majority but now inactive co-venturer -- is in central Saskatchewan, while the Buffalo Hills project is a 50:50 joint venture with Randy Turner's Canterra Minerals Corp. (CTM: $0.07) in north-central Alberta.
"We look forward to keeping you informed," Mr. Mason dutifully informed investors. He has now set a deadline for providing a major update regarding FalCon, and the negotiations with Rio Tinto regarding how the project might be returned to Star. Amicable discussions continue, Mr. Mason says, but the two sides appear far apart on what an amicable agreement might look like. Nevertheless, the situation will "come to a conclusion one way or another," Mr. Mason growls, adding that said conclusion will arrive no later than Star's annual general meeting at the end of the month.
ernie44
2 years ago
some history of Uranium, and Diamond properties held by insiders in Saskatchewan (Indigenous area subject to reconciliation ))from my files
My Fellow Americans and Global Investment Community.******** Democratic Gov't then and present 2023..
********see also the CMKX Bullboard on i-hub
The case of the greatest "counterfeit shares." fraud in the UNITED STATES is in my opinion CMKX.
CMKX DIAMONDS, THE LARGEST NAKED SHORTED STOCK IN THE HISTORY OF THE UNITED STATES/WORLD" Trillions of stock shares traded and changed hands UNTIL CMKX revoked itself and had every stock holder pull stock certifcates out of brokerages out of street name and into Investors name to safely hold in their possesion. CMKX is also the LARGEST STOCK CERTIFICATE PULL IN THE HISTORY OF THE UNITED STATES"
I Hope the the SEC did not create a regulational rule during this period the above action was commited to absolve them from liability of cmkx "counterfeit shares." from this compnay or anyother company that used this tactic to steal from all markets. This naked shorting fraud rule be passed without a second to lose.
Naked shorts in the United States: "counterfeit shares."
Naked short selling is a case of short selling the shares without first arranging a borrow. The Securities Exchange Act of 1934 stipulates a settlement period up to three business days before a stock needs to be delivered, generally referred to as "T+3 delivery".
If the stock is illiquid or simply has a small number of outstanding shares, finding the borrow can be difficult to arrange. In these cases the trader normally arranges for the borrow before making the trade, to ensure delivery. In the case when a borrow cannot be arranged within that time period and the shares cannot be given to the buyer, the trade is considered to have "failed to deliver". The SEC states that "Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules," and clarifies that in some circumstances, it can contribute to market liquidity.
Naked shorting to drive down share prices violates US law. In recent years, a number of companies have been accused of using naked shorts in order to make profits at the expense of share prices. To do this, the trader simply enters a naked short with no intention of ever delivering the shares. A large enough short sale could cause the price to fall, as is the case with any stock being sold, so as long as the trade is large enough to move the share price, the short is likely to be profitable. Normally this would be risky if the price did move back up for other reasons, the trader would be driving the price up with every purchase, a condition known as a "short squeeze". But as long as the buyer turns around and shorts it back into the market, the price continues dropping, making the trades profitable even though no one actually holds any of the shares.
"Legal" naked shorting would normally be invisible in a liquid market, as long as the short sell is eventually delivered to the buyer. However, if the covers are impossible to find, the trades fail. A sudden rise in number of fail reports will alert the SEC that something irregular is going on. In some recent cases, it was claimed that the daily activity was larger than all of the available shares, which would normally be unlikely.
The North American Securities Administrators Association (NASAA) held a conference on naked short selling in November 2005. An official of the New York Stock Exchange stated that NYSE had found no evidence of widespread naked short selling, and alleged "fear mongering that there's this rampant naked shorting that's gone unregulated." Cameron Funkhouser, NASD senior vice president of market regulations, noted that although companies have alleged stock manipulation through the Berlin stock exchange, the NASD has seen not one instance of naked short selling on the Berlin stock exchange". Ralph Lambiase, head of the Connecticut Securities Agency and the NASAA, declared his disappointment at how the industry was handling the issue as a whole.
A report issued in early 2006 found no evidence of naked short selling in US markets, despite allegations from many companies. The SEC's short selling FAQ also cites common misconceptions about the practice, such as the belief that naked shorting causes "phantom" shares to enter the market, as one source of confusion over the practice's market effect. Naked short selling, the SEC said, would not increase a company's shares outstanding shares nor result in "counterfeit shares."
Statistics on failures to deliver securities are sometimes used as evidence of naked short selling in specific stocks. However, the U.S. Securities and Exchange Commission stated in January 2008 that "fails-to-deliver can occur for a number of reasons on both long and short sales. Therefore, fails-to-deliver are not necessarily the result of short selling, and are not evidence of abusive short selling or 'naked' short selling."
Current legal naked shorting rules allow brokerages to make large profits doing "bona-fide market making" while stock markets are falling. The market maker exemption to the rules governing the practice is intended to allow market makers to naked short sell on a very temporary basis, in order to increase liquidity and stabilize markets.
However, Robert J. Shapiro, former undersecretary of commerce for economic affairs, has claimed that naked short selling has cost investors $100 billion and driven 1,000 companies into the ground.
The Depository Trust and Clearing Corporation has been criticized for its approach to naked short selling. DTCC has been sued with regard to its alleged participation in naked short selling, and the issue of DTCC's possible involvement has been taken up by Senator Robert Bennett and discussed by the NASAA and in articles -- disagreed with by DTCC -- in the Wall Street Journal and Euromoney Magazine.
While there is no dispute that illegal naked shorting happens, there is a fight as to the extent to which DTCC is responsible. Some blame DTCC as the keeper of the system where it happens, and say DTCC turns a blind eye to the problem. DTCC says naked shorting is not widespread enough to be a major concern. "We're not saying there is no problem, but to suggest the sky is falling might be a bit overdone," DTCC's chief spokesman Stuart Goldstein said. DTCC General Counsel Larry Thompson calls the claims "pure invention." The SEC, however, views naked shorting as a serious enough matter to have made two separate efforts to restrict the practice. And in July 2007, Senator Bennett suggested on the U.S. Senate floor that the allegations involving DTCC and naked short selling are "serious enough" that there should be a hearing on them with DTCC officials by the Senate Banking Committee. The committee's Chairman, Senator Christopher Dodd, indicated he was willing to hold such a hearing. The North American Securities Administrators Association, representing state stock regulators, filed a brief saying that if the claims were correct, its shareholders "have been the victims of fraud and manipulation at the hands of the very entities that should be serving their interest."
Critics also contend DTCC has been too secretive with information about where naked shorting is taking place. In 2007, WayPoint Biomedical sued DTCC for DTCC's refusal to comply with a subpoena request for documents Waypoint needs to track trades in the company's shares. Ten suits concerning naked short-selling filed against the DTCC were withdrawn or dismissed by May 2005.
A suit by Electronic Trading Group, naming major Wall Street brokerages, was filed in April 2006 and dismissed in December 2007.
Two separate lawsuits, filed in 2006 and 2007 by NovaStar Financial, Inc. shareholders and Overstock.com, named as defendants ten Wall Street prime brokers. They claimed a scheme to manipulate the companies' stock by allowing naked short selling. A motion to dismiss the Overstock suit was denied in July 2007.
Why has everyone tried to COVER UP NAKED SHORTING, is it because all the W
capten
2 years ago
STAR DIAMOND CORPORATION ANNOUNCES FEBRUARY IS DIAMOND MONTH
January 31 2023 - 12:48PM
PR Newswire (Canada)
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SASKATOON, SK, Jan. 31, 2023 /CNW/ - Star Diamond Corporation ("Star Diamond" or the "Company") is excited to announce that during the month of February, Star will be revealing each day on our social media platforms and website, one of the vast array of stunning diamonds recovered from the Fort à la Corne Project ("FALC"). Each diamond revealed will be named and the provenance of the stone will be disclosed.
Star Diamond Corporation Logo (CNW Group/Star Diamond Corporation)
February is the month of showing your love and what better way to profess love than with diamonds. February is "Diamond Month" at Star Diamond, and we hope that you will take this opportunity to follow our daily disclosure of these stunningly unique world class Saskatchewan diamonds and their respective provenance.
Please go to our website www.stardiamondcorp.com to find our links to all Social Media Accounts, Facebook, LinkedIn, Twitter and Instagram.
capten
2 years ago
STAR DIAMOND CORPORATION ANNOUNCES ATTENDANCE AT 2023 PROSPECTORS & DEVELOPERS CONVENTION
January 18 2023 - 07:00AM
PR Newswire (Canada)
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TSX: DIAM
SASKATOON, SK, Jan. 18, 2023 /CNW/ - Star Diamond Corporation ("Star Diamond" or the "Company") is pleased to announce that the Company will be attending the 2023 Prospectors & Developers Association of Canada ("PDAC") Convention on March 5-8, 2023, in Toronto, Ontario, Canada. Our technical team will be in attendance to discuss the Fort à la Corne Project ("FALC") and the diamonds that have been recovered from it, at Booth #2550.
Star Diamond Corporation Logo (CNW Group/Star Diamond Corporation)
In addition, on Monday, March 6, 2023, for one day only our technical team, along with our Diamond Pricing Consultant, will be exhibiting a stunning display of high-quality diamonds that have been recovered from FALC at our PDAC booth. These stones will range from rough uncut diamonds through polished stones to finished jewelry product. The Company has recovered more than 160,000 individual diamonds to date from the Project and this is a great opportunity to see some of these attractive Saskatchewan diamonds up close.
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