The share price has been a little disappointing, I agree....

The share price has been a little disappointing, I agree. However it does appear to have gone down on small volume and quite a few 1 share sells which can make a big difference played correctly. Our management seems to think the company is worth more and from what I can see theres been no change in the Top 20. The aim is to turn this into a multi Billion dollar company and trust me they believe they will do that in time.

https://www.miningweekly.com/article/burgundy-ceo-believes-his-diamond-company-is-undervalued-2024-03-13

The decision on the future of the Sable underground is expected by the end of the month, needing sign off from the Tlicho goverment. I can see no reason why they wouldn't agree to this as any mine life extension is worth more to the North West communities running and employing people then not.

https://www.cbc.ca/news/canada/north/underground-project-ekati-sable-1.7189794

Theres also the sanctions against Russian diamonds to consider. Thats a lot of diamonds that can't be legally sold to a big chunk of the world.

Also worth mentioning is the position that DeBeers is in at the moment. BHP is expected to make a second offer and it would appear that Anglo American would be happy to see it off the books. Theres also the chance that it will be cannibalised and sold of in bits.

https://www.mining.com/web/anglo-investors-tell-company-to-move-faster-to-survive-bhp-bid/

Another thing that could work in our favour is that the prices of Lab Grown diamonds appear to be plummeting. People are starting to realise that Lab Grown are not real diamonds and if you want to give your loved one something truly special, natural is the only way to go. DeBeers just dropped there lightbox price by 37%

https://rapaport.com/news/de-beers-reduces-prices-of-lightbox-lab-grown-diamonds/

https://markets.*.com/news/commodities/lab-grown-diamond-prices-engagement-rings-carat-value-outlook-jewelry-2024-2

We're showcasing in Dubai this week so maybe a possibility of some interest.