PROFILE |
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Okay, diamonds are forever, but Star Resources hopes finding them doesn't take forever. The company, which was formed in 1988, holds leases on several diamond properties in Arkansas adjacent to the Cradle of Diamonds State Park. However, none of its properties has proven worthy of commercial development. Star Resources also owns a diamond recovery plant in Arkansas, which it had leased to third parties. Curtailment of operations at the diamond recovery plant has drastically increased the company's losses, but new properties, acquired in part from Potlatch Corporation, offer new hope for gem finds. Investment firms CDS & Co. and Cede & Co. own 57% and 31%, respectively, of Star Resources.
COMPETITION |
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Anglo American plc (AAUK)
De Beers Consolidated Mines Limited (dossier)
Rio Tinto plc (RTP)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: January
2000 Sales (mil.): 3.00
1-Yr. Sales Growth: (97.0)%
Employees: 1
Revenue per employee: $3,000,000.00
KEY PEOPLE |
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J. David Edwards
CEO
J. David Edwards
CFO
CONTACT INFO |
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2000 S. Dairy Ashford, Ste. 510
Houston, TX 77077
US
Phone: 281-870-9882
Fax: 281-870-9934
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