Dominion Diamond analysts say shareholder concerns are overblown – CBC

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Dominion Diamond analysts say shareholder concerns are overblown – CBC

by ahnationtalk on January 11, 20161042 Views

Yellowknife-based company stands poised to generate cash, says analyst

Jan 11, 2016

Mining analysts say Dominion Diamond Corporation is not doing nearly as badly as a small group of the company’s shareholders is suggesting.

The shareholders say Dominion, which owns stakes in two diamond mines northeast of Yellowknife, is not doing enough to rein in expenses. They also say the company should have used some of its $300 million in cash to buy back its shares.

Such action typically results in a short term increase in stock prices. But that would be a bad move, said John Kaiser, a diamond industry analyst.

Read More: http://www.cbc.ca/news/canada/north/dominion-diamond-shareholder-concerns-1.3398328

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