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NSDM has 104,500 acres in Manitoba Canada(+60 MILLION ACRES in the Ukrane, Wow)They are one of the first companies exploring for diamonds in the Manitoba area. The area that they have acquired has kimberlite indicator minerals and a sampling program conducted by the Geological Survey of Canada concludes that the geology indicates that kimberlites should be present. In fact, their geology is similar to De Beer's Star Pipe, one of the largest kimberlites discovered in Canada. NSDM has identified 12 magnetic anomalies and has drilled three of them. They have just now sent the samples off to be tested. The company states that they should have results in 2 to 3 weeks. The stock has been drifting down from $.25 almost a year ago to its present $.038 If the drill results show that they have diamonds on their property, the stock could take off. I love buying a stock when it's at or near a new low. NSDM also is well funded. They have $1,500,000 in the bank plus the Manitoba government has used the province's Mineral Assistance Program which will reimburse NSDM for up to 25% of its exploration expenditures. The NSDM board of directors has also restated that they are working toward getting listed on the Nasdaq Bullitin Board. If that happens their company would be seen by many more people and institutions, and this alone could give a nice boost to their stock price. And here is a kicker: (I love stocks that have kickers) the company states that their Manitoba property also has the potential for gold and even platinum. The Manitoba area of Canada has several mining operations that contain gold, silver, and rare earth minerals. Finally, the area has paved roads, power and water in the area, plus the land is flat and has a minimum of overburden. So all things considered, this is a good time to buy the stock. I sold this stock quite a while back, but now I am going to get back in it, and this time hold for the long run. Even if the drill results are not definitive for diamonds, considering that they still have the 60 million acres of land in China plus the chance for finding silver, gold or platinum group minerals (paladium, rhodium etc.) means that this is a stock to buy and hold for the long run. Since I will be getting in at the low end of its price range, I can sit back and just see what happens. Oh, by the way, if they do find diamonds, they plan on selling them under their name. They have made an agreement with a major Canadian diamond cutter to market their diamonds under the North Star brand and have it get to be known as a top quality line of diamonds. Their planned diamond Internet retailing program could provide a valuable cash flow and a market for their diamonds. And the beat goes on.
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Oops. I didn't mention that NSDM has 620 million shares out standing. But 444 million shares are held by insiders so that leaves a float of 176 million shares, which is still a lot of shares. The company would need a big strike for it to go up substantially, and if it did start rising in price, then the insiders might start dumping their stock. However, that being said, if they do find diamonds or precious metals, their stock could still have a nice move upward.
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Alec Peck joins NSDM as Vice President - Corporate Development
Thursday , June 10, 2004 10:00 ET
BELLINGHAM, WA, Jun 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM), announces that Mr. Alec Peck, C.A., has joined the company as Vice President - Corporate Development.
Mr. Alec Peck, C.A., was a partner in Toronto and then Vancouver with member offices of the international public accounting firm Horwath International from 1989 until 1993. From 1993 until March 2004 he was a Vice President in the corporate finance groups of Vancouver based investment dealers, first with CM Oliver Inc., and then Canaccord Capital Corporation, which acquired CM Oliver Inc. in 1998.
Mr. Peck will be working exclusively with the Diamond Marketing Program for selling jewelry on the Internet and make strategic recommendations that will enhance and optimize the development of the company. Mr. Peck will assist in sourcing a financing for the company sufficient to proceed with the business plan. He will also provide advice and guidance in financial accounting matters and work with the company auditors.
The marketing of the diamonds via our website is scheduled to commence by the end of August 2004. We will be keeping shareholders informed with future news releases.
Canada is now being recognized as one of the best areas in the world for diamond exploration, where extensive exploration activities are now being conducted by industry leaders. President and CEO, Walter Stunder of North Star Diamonds, Inc. says we are committed to a financially-rewarding, lucrative, and long-range program of diamond exploration and commercialization.
Disclaimer: The Company relies upon the safe Harbor Laws of 1993, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
CONTACT: Toll Free: 1-877-454-7872, or Email: contact@northstardiamonds.net
Walter Stunder, President
SOURCE North Star Diamonds, Inc.
SOURCE North Star Diamonds, Inc.
CONTACT: Toll Free: 1-877-454-7872, or Email: contact@northstardiamonds.net (NSDM) http://www.prnewswire.com
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BELLINGHAM, WA, June 24 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (NQB Pink Sheets: NSDM), announces the acceleration of the diamond marketing program using the Internet as an e-commerce site for the sale of diamonds. The first phase has now been completed which consisted of formulating a complete business strategy. Work is now under way in implementing the e-commerce phase of the program. Proposals have been received for all aspects of the business, which includes web design, order fulfillment and e-commerce banking. The proposals received from our potential partners to supply these goods and services are expected to be formalized within the next 10 days. Mr. Alec Peck will be announcing these contracts as they are finalized. The next steps are very important in transforming NSDM into a dynamic and vertically integrated company. Canada is now being recognized as one of the best areas in the world for diamond exploration, where extensive exploration activities are now being conducted by industry leaders. President and CEO, Walter Stunder of North Star Diamonds, Inc. is committed to a financially-rewarding, lucrative, and long- range program of diamond exploration and commercialization. Initial geochemical results of Phase 2 Wekusko Lake drill program have been received and NSDM is waiting to receive the remainder in the next several days. Results will be announced in an upcoming press release. For further information on NSDM, visit www.northstardiamonds.net
Disclaimer: The Company relies upon the safe Harbor Laws of 1993, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
CONTACT: Toll Free: 1-877-454-7872, or Email: contact@northstardiamonds.net
Walter Stunder, President
SOURCE North Star Diamonds, Inc. -0- 06/24/2004 /CONTACT: Toll Free: 1-877-454-7872, or Email: contact@northstardiamonds.net/ (NSDM)
CO: North Star Diamonds, Inc. ST: Washington IN: MNG SU:
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