May 13, 2022 Star Diamond Corp. (TSX:DIAM, BUY, C$1.20 target, Timothy Lee) announced it has acquired an additional interest of ~17% in the Buffalo Hills diamond project
May 3, 2022 Star Diamond Corp. (TSX:DIAM, BUY, C$1.20 target, Timothy Lee) announced that it has found a substantial amount of the desirable Type IIa
April 25, 2022 Star Diamond Corp. (TSX:DIAM, BUY, C$1.20 target, Timothy Lee) announced that it had closed the second tranche of its previously announced non-brokered private
April 18, 2022 Star Diamond Corp. (TSX:DIAM, BUY, C$1.20 target, Timothy Lee) reported preliminary results from its Orbit exploration program, conducted at its 25%-owned Fort a
April 8, 2022 Star Diamond Corp. (TSX:DIAM, BUY, C$1.20 target, Timothy Lee) has announced the completion of its previously announced ~C$4.2M private placement. The financing
March 17, 2022 Star Diamond Corp. (TSX:DIAM, BUY, C$1.20 target, Timothy Lee) announced that it intends to raise up to C$5M through a non-brokered private
March 10, 2022 Star Diamond Corp. (TSX:DIAM, BUY, C$1.20 target, Timothy Lee) reported that last week, on March 3rd and 4th, technical meetings were held
February 18, 2022 Star Diamond Corp. (TSX:DIAM, BUY, C$1.20 target, Timothy Lee) announced that Larry Phillips has joined the company’s Board of Directors and also
Star Diamond and a subsidiary of Rio Tinto Plc. (ASX:RIO, Not Rated) have entered into a binding agreement to resolve all disputes between them and have executed a revised joint venture agreement for the Fort á la Corne project in Saskatchewan. We believe this is a very positive development for Star, allowing the Fort á la Corne project, which has been stuck in a dispute for the better part of two years, to move forward. While Star’s interest in the project has reduced to 25% (from 40%), it is no longer responsible for any expenditures on the project to date. As a result of these changes, we have amended our model and are adjusting our target price to C$1.20/sh (was C$1.30/sh).
Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.