Any views ? I hold a few.

Interesting thread on the other place.

This was posted by Mr K

My reason behind the rise of late is due to European Diamonds aquiring Conroy's diamond acreage. I believe there is a strong possibility of this happening, although I could be wrong.

Note the announcement put out by European Diamonds on 21/4/04:

The Company has negotiated terms to acquire a new claim area in Central Finland which is known to contain a two hectare diamondiferous kimberlite and at least one other untested kimberlite. The Company is currently completing its due diligence in advance of signing the acquisition agreement.

Conroy haven't got the financial resources to make as rapid a progress as they and their shareholders would like on the diamond acreage. I therefore believe that it makes sense for them to either sell the acreage to European Diamonds, who obviously have acreage just up the road, or as part of an earn in with EPD.

I'm not sure what Conroy's diamond acreage in Finland would be worth to anyone wanting to buy it though. Any guesses?


http://www.conroydiamondsandgold.com/

A little profit taking at the open but now on track again

Ald is the distressed seller out of the way yet?