CCM Research Issues Initial Report on Consolidated Global Diamond Corp.
07 February 2008 - 3:37AM
Marketwired Canada
CCM Research analyst, Kipley J. Lytel, CFA, has written an initiating report on
Consolidated Global Diamond Corp.
Consolidated Global Diamond Corp. (TSX VENTURE:CK) is a junior diamond
exploration company with claims in the Diavik / Ekati diamond mine areas of the
North West Territories in northern Canada. The Company is engaged in the
acquisition, exploration and development of mineral properties with its
principal focus on diamonds and other precious metals. Activities include
acquiring mineral properties and conducting exploration programs.
In the report the analyst states, "the fact that it (CK) owns a large acreage
close to Diavik and Ekati - Canada's most prominent diamond mines - suggests
that the Company has significant chances for success given financial resources
remain intact. This is supported by the preliminary exploration that showed that
Global Diamond's properties exhibit the same geological traits as the Ekati and
Diavik mines."
The analyst continues, "the Company has accumulated a significant cash balance
which should allow an aggressive exploration program to be launched in the
nearest future."
A free copy of the report can be found at www.ccmopportunitybase.com.
CCM Research, a division of Cronus Capital Markets, Inc., subscribes to the
"Standards for Independent Research Providers" and the principles contained in
the Analyst/Corporate Issuer Guidelines jointly promulgated by the CFA Institute
and the National Investor Relations Institute, described at:
http://www.cfainstitute.org and http://www.niri.org.
Cronus Capital Markets, Inc., through its CCM Consulting division, entered into
a one year $30,000 contract with the company to assist it with the creation and
execution of information-based strategies to overcome market inefficiencies that
are commonplace for the vast majority of public companies, such as share
illiquidity and stagnant market capitalization.
Cronus Capital Markets (CCM) is a global investment information firm who
strategically produces and introduces, through various forms of analytics and
worldwide distribution, information on equity market opportunities. CCM's equity
indexes receive international attention and represent important new benchmarks
of growth.
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