About the new diamond mine (Stornoway) that I own 500 shares of. About half the shares I bought around 2012 were at approximately .66 cents each. Another batch I bought at a later date were around .97 cents and the final batch I bought totalling my share ownership to 500 shares was approximately .73 cents each. Currently the shares are running at around $1.03 which is a good increase for some of my shares.
The Stornoway Diamond mine in Quebec is slated to open in December of 2016 so hopefully I can time the selling of some of my shares when they are up.
My guess is that they may spike after announcements or press releases in November/December saying the diamond mine is officially opening and shortly after that ... Where I believe they will slowly start to drop over time again with occasional spikes on good press releases.
From much of the research I have done into many other mining companies and their share prices .. It seems the companies highest share prices are found very early when the companies first go public by getting listed in a stock exchange.
Then the share prices slowly drop or level out for years while drilling and economic feasability and environmental assessments and approvals and financing are conducted only to spike periodically after some positive news press releases are published and then the share prices drop again for a while (months or years) and then if all goes well and a mine is created then shortly after the mine opens there is another spike in prices which then either sustain themselves, slowly grow, or slowly drop again .... In essence ... Its all about timing.
My next purchasing of shares in any company I believe will be geared toward uranium mining companies since there has been a reported shortage of uranium for nuclear plants ... this, tied together with the fact that China has approved the production of 8 nuclear plants per year over the next few years gives me reason to 'go long' on uranium (buy shares now while demand and uranium prices and uranium mining share prices are still low)
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