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Bel Fuse, Inc. (BELFB) Message Board

iamnathan 23 posts  |  Last Activity: Dec 21, 2014 8:04 PM Member since: Dec 16, 1999
  • Reply to

    Shore Gold breaks out . . .

    by rehdvm2004 Aug 26, 2014 2:58 PM
    iamnathan iamnathan Oct 28, 2014 8:45 AM Flag

    You are incorrect and I'm done with this debate.
    You can resume your cheerleading activities.
    Good Luck !

  • Reply to

    Shore Gold breaks out . . .

    by rehdvm2004 Aug 26, 2014 2:58 PM
    iamnathan iamnathan Oct 28, 2014 2:52 AM Flag

    My pint was/is that DeBeers owned a share of the Joint Venture NOT of Kensington Resources.
    As stated in the link you posted: " The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.245%), De Beers Canada Inc. (42.245%), Cameco Corporation (5.51%) and UEM Inc. (carried 10%). "

  • Reply to

    Shore Gold breaks out . . .

    by rehdvm2004 Aug 26, 2014 2:58 PM
    iamnathan iamnathan Oct 27, 2014 3:16 PM Flag

    Shore Gold bought Kensington Diamonds. Kensington was NOT owned by Debeers, they had Debeers as their evil partner. Later, Shore Gold bought out Debeers by selling a partnership to Newmount Mining who they thought would be a better partner, but Newmont has not shown any interest in the project and stopped participating in the funding of any projects.
    Shore Gold has been poorly managed for many years and I highly doubt that they will find a partner or the money to deveop the mine, if it is ever approved.
    The long suffering shareholders will be bought out for pennies per share, or SGF will file BK or lose their claims, and a major will take over leaving the SH's with nothing !

    JMHO.
    I hope that I'm wrong, but I started buying Kensington way back in 1994 and this project has been clouded by smoke and mirrors for a very long time !

BELFB
27.48+0.170(+0.62%)Dec 26 4:00 PMEST

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