BDM 4.00% 13.0¢ burgundy diamond mines limited

Ann: Burgundy acquires one of last five Argyle 'hero' stones, page-8

  1. 418 Posts.
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    I will show up in the financials at some stage we would expect? It may be that they make a profit on the resale at some point but it seems very weird that they are going full speed downstream before they have even mined a single diamond! The $2m+ seems not the most efficient use of capital for a diamond mining company ahead of err.... you know , mining diamonds! Shareholders should be very concerned at the message this sends I think.

 
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