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4.7¢ gibb river diamonds limited

Ann: Ellendale Diamond Project Update, page-24

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readyaimfire

11,005 Posts.

1482

21/03/23

05:26

Post #: 66870181
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Originally posted by ranger08 ↑

the burgundy deal was very well engineered by JR, money and shares for nothing, and he runs a very tight ship with little dilution.
but there’s nothing like further testing and mining to suck up the cash so I’m sure JR is looking at another deal by an aussie diamond miner, I would say Rio is not interested, maybe Lucapa as they bought the Merlin mine last year.
Ellendale is a very good however speculative asset, I don’t think JR will risk a full scale assault at it.

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“A Tight ship”…… they have burnt the cash they had pF around some old gold workings ……

GIB Price at posting: 5.7¢ Sentiment: None Disclosure: Held
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