According to the prospectus, Stellar Resources will have the code SRL when listed (late this year if all goes to scedule). I presume Gravity Diamonds Ltd. will retain the GRN code but could find no specific reference to this.
I agree that there is much to look forward to from both companies. The apparent falling away of buyer interest this morning I believe can be attributed to natural uncertainty as to the net worth of the new diamond entity and what is "fair value".
If the quality of the Congolese diamond tenements is as good as we hope, those doubts should dissipate as news of drilling becomes available. Personally, I found the fact that BHP Billiton has a significant stake in the new diamond arm reassuring.
Of course the Ellendale exploration alone could keep the punters happy if the trajectory of KIM's share price is anything to go by. We know there are diamonds in the pipes already located at Ellendale; the only question is whether they are commercial.
I have a substantial pre-split holding and look forward to news from the extensive drilling campaigns underway by both companies. Prospective investors are advised to conduct their own independent research due to my strong vested interest.
R/Gupper
GRN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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