BDM 2.78% 18.5¢ burgundy diamond mines limited

Ann: Suspension from Official Quotation, page-40

  1. 2,181 Posts.
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    Hi BDM faithful,

    Niche fancy coloured diamonds very nice and Peter has done much to advance this company along this path. But this is a segment within the industry.

    No diamond company today can ignore the impact of lab grown diamonds, not even De Beers.

    It's crystal clear to me (pun intended) that this suspension relates to a move into LGD'S. It's an ESG friendly, cheaper and now widely accepted alternative to mined diamonds. Go read all the articles and videos on lab grown diamonds. It's a growth industry that produces an affordable product for today's market - millennial!

    And MOK will want his cut (pun intended).

    A lot of electricity is used in the lab grown process and this is a high input cost. And who has some of the cheapest, environmentally friendly electricity production in the world? QUEBEC.

    Future scale for BDM is in the broader diamond market which will also have future industrial applications.

    MOK is a visionary and has a proven record of being ahead of the curve.

    Does this ring true with anyone here? (pun intended)

    So there's my 2 cents worth of speculation!

    Merry Xmas!

 
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