DON diamonex limited
Add to My Watchlist 0.00% ! 4.5¢

is don is, errr alive...

  1. gliontos
    1,302 Posts.
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    02/10/09
    18:08
    Post #: 5727730
    It looks like Diamonex will live on, though existing holders will be heavily diluted.

    Not a great outcome, but better than going in receivership.

    ASX Announcement: http://stocknessmonster.com/news-item?S=DON&E=ASX&N=214412

    On the positive side rough diamond prices have recovered, and the world is running out of diamond mines. See article below.

    SMH: Diamonds aren't forever, the pipes are running dry.
    http://www.smh.com.au/business/diamonds-arent-forever-the-pipes-are-running-dry-20090923-g2sp.html
    DON Price at posting: 4.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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