James Kwantes: More Diamond Market M&A in 2018? | Summary and Q&A

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March 8, 2018
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Investing News
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James Kwantes: More Diamond Market M&A in 2018?

TL;DR

PDAC conference reveals optimistic mood in the mining industry, particularly in base metals and battery metals like graphite, with a focus on opportunities in diamond and graphite markets.

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Questions & Answers

Q: What were the overall sentiments at the PDAC conference?

The conference was filled with energy and optimism, with a positive outlook for base metals and supply-demand issues in certain metals. The diamond market is showing an upswing in prices and positive producer sentiments as well.

Q: Can you tell me more about Lucara and their recent news?

Lucara is a Vancouver-based diamond producer known for its large diamonds. The company recently announced that Ira Thomas, a co-founder and diamond industry veteran, is taking over as CEO. This news is seen as a positive move for the company and is expected to drive growth in the future.

Q: Were there any mergers and acquisitions in the diamond industry recently?

Yes, there have been some notable mergers and acquisitions in the diamond industry. Dominion Diamond, the owner of Ekati Diamond Mine, was sold to a private company. Kennedy Diamonds, an explorer, was repurchased by Mountain Province. These developments indicate growing activity in the diamond space.

Q: What other opportunities are you exploring apart from diamonds?

Apart from diamonds, I am exploring opportunities in Platinum Group Metals and the graphite market. Platinum Group Metals exploration companies with assets in Montana, near the Stillwater deposit, are showing promising results. Graphite, a battery metal, is also an interesting area with limited high-quality companies. Additionally, graphene, a new and exciting material, has strong potential in various industries.

Summary & Key Takeaways

  • The PDAC conference had a lot of energy and optimism, with base metals performing well and supply-demand issues in certain metals like zinc.

  • The diamond market is experiencing an upswing in prices and positivity on the producer side, particularly in specialty diamonds.

  • Lucara, a Vancouver-based diamond producer, announced a new CEO, Ira Thomas, who has a strong track record in the diamond industry.

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