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PDF Pangea Diamond

1.375
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pangea Diamond LSE:PDF London Ordinary Share GB00B197TQ75 ORD USD0.005
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.375 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.375 GBX

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Date Time Title Posts
02/12/201012:42Pangea DiamondFields PLC394
08/7/200610:46How to speed up PDF loading with Adobe Acrobat-

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Posted at 23/8/2010 19:33 by miyk
did not transfer, whats the procedure of my holdings with pdf?
Posted at 17/5/2010 17:03 by riccardo29
Yes and no...

Correct you get 4720 IGE shares
IGE shares trade at 0.54NKR
So your 20K PDF shares are worth 2,549NKR
Which at current exchange rate is £285
Which in old money values your PDF shares at 1.425p
Posted at 17/5/2010 15:04 by miyk
its 6 p a share mate, work out 54 kroner against each pdf share, so if you hold 20,000 shares you x it by 0.236 equals 4720 then x by 54 kroner which is 6p at the moment?
Posted at 17/5/2010 14:30 by miyk
Mofan, I believe ige shares trade at 6p a share at current value in Norwegian kroner on oslo stock exchange. to re cap they are worth 6p a share ? based on your current pdf holdings so for every 1 pdf share you are entitled 0.236 as stated.

we have a timescale of 26th of may to make a decsion...either transfer your holdings to another broker or do nothing and your shares will be sold in bulk but what is the price given to us foe aech share. if it exceeds 6p it would be worth hanging on and not transfering shares to another broker?

your thoughts please?
Posted at 31/3/2010 16:27 by miyk
WITH A MERGER THE SHARE PRICE CAN ONLY GET BETTER....?
Posted at 27/2/2010 12:33 by tradermel
alex raga

Do yourself a favour and invest your money elsewhere.

IGE do not have moch money
IGE have a history of raising capital without including PI's.
IGE is an exploration company (PDF's own troubles have arisen since they have tried to go into production)
IGE need capital to get their own proven finds to the market
PDF are worthy of a better TO
To sell IGE shares you will need an Oslo trading licence through a broker and all the tax hassle that ensues.

Been in PDF for over a year and sitting on a 40% loss. This is a rotten merger for PI's, so beware. Also beware of new holders telling you this represents a good deal as they are only looking to exit before the merger.
Posted at 08/10/2009 18:42 by yawn1971
RNS out. Positive move by management to help push production at Cassanguidi to full tilt.
RNS Number : 4909A
Pangea DiamondFields PLC
08 October 2009

Pangea DiamondFields plc

("PDF" or "the Company")

Update on Purchase of Equipment at Cassanguidi


Pangea Diamondfields plc (AIM: PDF), the mid-tier diamond producer and exploration company provides the following update on its previously announced transaction to purchase mining and processing equipment for use at its Cassanguidi project in Angola from New Millennium Resources ("NMR"). The Company's portfolio consists of seven projects located in the Central African Republic ("CAR"), Democratic Republic of the Congo ("DRC"),
Angola and South Africa.


On 10 August 2009, PDF reported that it had concluded a transaction to acquire certain mining equipment and processing assets from NMR, for use at its Cassanguidi project in Angola, for total cash and share consideration of $600,000. As reported in the interim financial statements on 29 September 2009, the essential equipment has now been relocated to Cassanguidi and is already in use, whilst the purchase and relocation of equipment now considered unnecessary, has been terminated.


PDF has successfully concluded a renegotiated agreement with NMR reflecting only the value of equipment purchased. Under this agreement, PDF has paid the sum of US$200,000 to NMR and has issued 2,500,000 new PDF ordinary shares ('Shares') to NMR as full and final settlement of consideration for the purchase. This cash and shares payment represents total consideration of approximately US$265,000 (at current prevailing exchange rates and share price). This is significantly less than the estimated cost of the equipment if it was purchased in South Africa and also delivers efficiencies in terms of lower transportation costs.


Application for the admission of 2,500,000 Shares to trading on the AIM Market of the London Stock Exchange ('Admission') has been made and Admission is expected to occur at 8.00 a.m. on 9 October 2009. Following Admission the Company will have 1,783,826,082 Shares in issue.


Commenting on this development, Chief Executive Brett Thompson stated, "The key challenges at Cassanguidi were specifically the earthmoving fleet. The specific equipment finally acquired from NMR has resolved this issue without expending additional capital on the purchase of unnecessary assets. This acquisition will underpin continued progress at Cassanguidi as well as demonstrating once again, the ability of PDF to identify and unlock value opportunities in the regions in which it operates."


Further information:


Pangea DiamondFields plc
Ambrian Partners Limited
Walbrook PR Ltd

Brett Thompson
Richard Brown / Richard Greenfield
Louise Goodeve / Leah Kramer

T: +27 11 438 4100
T: +44 (0) 20 7634 4700
T: +44 (0) 20 7933 8780
Posted at 22/9/2009 16:52 by netstar2
sounds strange but these days care less about real diamonds, this stock itself is a diamonds waiting to be found by the IIs and PIs. From the latest positive reserves figure, this share price should fly now.

RNS Number : 0687Z
Pangea DiamondFields PLC
15 September 2009

Pangea DiamondFields plc

('Pangea' or the 'Company')

Bakerville Diamond Sale and Resource Update

Pangea DiamondFields plc (AIM: PDF), the diamond producer and exploration company, announces the third successful sale by tender of diamonds from its Bakerville Project ('Bakerville' or 'the Project'), which is situated within the Lichtenburg Diamond Fields approximately 250km west of Johannesburg, South Africa.

The sale yielded an average price of US$238 per carat from a run of mine parcel of 796 carats. To date, over 2,000 carats in total have been sold by tender from Bakerville at a weighted average price of US$366 per carat. This sale is significant as the cumulative carats recovered and sold now exceed the minimum parcel size required in order to determine an average valuation for resource purposes in the Indicated category.

In the Company's most recently published resource statement for Bakerville, dated 31 December 2008 and released to the market on 28 January 2009, an Inferred Resource of 3.59 million m3 and 122,500 carats was declared at an average recovered grade of 3.42 ct/100m3. As a result of additional sampling work since this resource estimate as well as the cumulative sale of the requisite parcel of diamonds for valuation purposes, the resource statement has now been updated and the results reflected in the table below. Project resource carats have increased dramatically by 370% to 455,000 carats at a similar recovered grade of 3.42 ct/100m3. Furthermore, following the most recent sale, confidence in the quality of the resource has increased with the inclusion of 2.50 million m3 and 85,600 carats of Indicated resources in the overall resource.

The new Bakerville resource estimated in compliance with the SAMREC Code, is as follows:

Project Area
Resource Classi-fication
Gravel Volume
Grade (ct/100m3)
Carats
Diamond Value
Bottom Screen Size (mm)
PDF's Attributable Interest
PDF's Attributable Carats

(m3)
(US$/ct)

Indicated
2,502,400
3.42
85,582
366
1.6
74%1
63,331

Patsema
Inferred
10,795,000
3.42
369,189
366
1.6
74%1
273,200
Total
13,297,400
3.42
454,771
366
1.6
74%1
336,531
1 Assumes the exercise of the PanEx option under which the Company is entitled to acquire an additional 26% interest in all of PDF's South African projects, prior to 30 June 2010 at a cost of US$2.5 million.

Venmyn Rand (Pty) Ltd, the independent qualified person has reviewed and verified the resource estimate and a copy of their report is available on the PDF website;

A feasibility study of the Project has now been successfully completed in-house with positive results. The Project scope at full production reflects a nominal capacity of 90,000 cubic metres of in situ gravel mined and processed per month, producing around 2,250 carats per month at a cost of approximately US$4.50 per cubic metre or approximately US$180 per carat at the envisaged nominal capacity.

The Mining Right application to allow full scale exploitation of the deposit has been completed and submitted to the relevant governmental authority in South Africa.

At this time, it is not possible to determine when the Mining Right will be approved and consequently, when commercial scale mining may commence, however PDF will undertake all preparatory work to ensure that upon approval, the transition to commercial scale operations is not unduly delayed.

In keeping with the Company's strategy of reducing unnecessary expenditure, operations at Bakerville will be put on "care and maintenance" with immediate effect until such time as the Mining Right application has been approved and the Company is in a position to develop a commercial scale operation at Bakerville. Exploration will however continue, targeted to delineate additional resource potential outside the current resource area and all remaining carats will be sold in due course. Management is confident that the resource will continue to grow given that we have to date only explored approximately 25 - 30 % of the area within PDF's permit areas identified as being gravel bearing.

Chief Executive Brett Thompson commented, "The results from the Bakerville project continue to encourage management and this latest update to the resource sees the economics of the Project improve further. Whilst we do not wish to slow the momentum at Bakerville, it is a statutory requirement that we await the relevant authorisation before scaling the project up to its full potential. We remain in a strong position with the Bakerville project ready for development, an improved resource and the relatively low inherent operating risk present in South Africa."

Further information:
Posted at 15/9/2009 10:47 by topinfo
NEWS OUT PDF DIAMONDS AGAIN

Bakerville Diamond Sale and Resource Update (Pangea Diamond)



TIDMPDF

RNS Number : 0687Z
Pangea DiamondFields PLC
15 September 2009

?




Pangea DiamondFields plc
('Pangea' or the 'Company')


Bakerville Diamond Sale and Resource Update


Pangea DiamondFields plc (AIM: PDF), the diamond producer and exploration
company, announces the third successful sale by tender of diamonds from its
Bakerville Project ('Bakerville' or 'the Project'), which is situated within the
Lichtenburg Diamond Fields approximately 250km west of Johannesburg, South
Africa.


The sale yielded an average price of US$238 per carat from a run of mine parcel
of 796 carats. To date, over 2,000 carats in total have been sold by tender from
Bakerville at a weighted average price of US$366 per carat. This sale is
significant as the cumulative carats recovered and sold now exceed the minimum
parcel size required in order to determine an average valuation for resource
purposes in the Indicated category.


In the Company's most recently published resource statement for Bakerville,
dated 31 December 2008 and released to the market on 28 January 2009, an
Inferred Resource of 3.59 million m3 and 122,500 carats was declared at an
average recovered grade of 3.42 ct/100m3. As a result of additional sampling
work since this resource estimate as well as the cumulative sale of the
requisite parcel of diamonds for valuation purposes, the resource statement has
now been updated and the results reflected in the table below. Project resource
carats have increased dramatically by 370% to 455,000 carats at a similar
recovered grade of 3.42 ct/100m3. Furthermore, following the most recent sale,
confidence in the quality of the resource has increased with the inclusion of
2.50 million m3 and 85,600 carats of Indicated resources in the overall
resource.


The new Bakerville resource estimated in compliance with the SAMREC Code, is as
follows:


+-----------+-----------------+------------+------------+---------+----------+--------+--------------+--------------+
| Project | Resource | Gravel | Grade | Carats | Diamond |Bottom | PDF's | PDF's |
| Area |Classi-fication | Volume |(ct/100m3) | | Value |Screen |Attributable |Attributable |
| | | | | | | Size | Interest | Carats |
| | | | | | | (mm) | | |
+ + +------------+ + +----------+ + + +
| | | (m3) | | |(US$/ct) | | | |
+-----------+-----------------+------------+------------+---------+----------+--------+--------------+--------------+
| | | | | | | | | |
+-----------+-----------------+------------+------------+---------+----------+--------+--------------+--------------+
| | Indicated | 2,502,400 | 3.42 | 85,582 | 366 | 1.6 | 74%1 | 63,331 |
+-----------+-----------------+------------+------------+---------+----------+--------+--------------+--------------+
| Patsema | | | | | | | | |
+-----------+-----------------+------------+------------+---------+----------+--------+--------------+--------------+
| | Inferred | 10,795,000 | 3.42 | 369,189 | 366 | 1.6 | 74%1 | 273,200 |
+-----------+-----------------+------------+------------+---------+----------+--------+--------------+--------------+
| | | | | | | | | |
+-----------+-----------------+------------+------------+---------+----------+--------+--------------+--------------+
| | Total | 13,297,400 | 3.42 | 454,771 | 366 | 1.6 | 74%1 | 336,531 |
+-----------+-----------------+------------+------------+---------+----------+--------+--------------+--------------+
| | | | | | | | | |
+-----------+-----------------+------------+------------+---------+----------+--------+--------------+--------------+
| 1 Assumes the exercise of the PanEx option under which the Company is entitled to |
| acquire an additional 26% interest in all of PDF's South African projects, prior to 30 |
| June 2010 at a cost of US$2.5 million. |
| |
+-----------+-----------------+------------+------------+---------+----------+--------+--------------+--------------+


Venmyn Rand (Pty) Ltd, the independent qualified person has reviewed and
verified the resource estimate and a copy of their report is available on the
PDF website;


A feasibility study of the Project has now been successfully completed in-house
with positive results. The Project scope at full production reflects a nominal
capacity of 90,000 cubic metres of in situ gravel mined and processed per month,
producing around 2,250 carats per month at a cost of approximately US$4.50 per
cubic metre or approximately US$180 per carat at the envisaged nominal capacity.


The Mining Right application to allow full scale exploitation of the deposit has
been completed and submitted to the relevant governmental authority in South
Africa.


At this time, it is not possible to determine when the Mining Right will be
approved and consequently, when commercial scale mining may commence, however
PDF will undertake all preparatory work to ensure that upon approval, the
transition to commercial scale operations is not unduly delayed.


In keeping with the Company's strategy of reducing unnecessary expenditure,
operations at Bakerville will be put on "care and maintenance" with immediate
effect until such time as the Mining Right application has been approved and the
Company is in a position to develop a commercial scale operation at Bakerville.
Exploration will however continue, targeted to delineate additional resource
potential outside the current resource area and all remaining carats will be
sold in due course. Management is confident that the resource will continue to
grow given that we have to date only explored approximately 25 - 30 % of the
area within PDF's permit areas identified as being gravel bearing.


Chief Executive Brett Thompson commented, "The results from the Bakerville
project continue to encourage management and this latest update to the resource
sees the economics of the Project improve further. Whilst we do not wish to slow
the momentum at Bakerville, it is a statutory requirement that we await the
relevant authorisation before scaling the project up to its full potential. We
remain in a strong position with the Bakerville project ready for development,
an improved resource and the relatively low inherent operating risk present in
South Africa."


Further information:


+---------------------------+--------------------------+---------------------------+
| Pangea DiamondFields plc | Ambrian Partners Limited | Walbrook PR Ltd |
| | | |
+---------------------------+--------------------------+---------------------------+
| Brett Thompson | Richard Brown | Louise Goodeve / Leah |
| | | Kramer |
+---------------------------+--------------------------+---------------------------+
| T: +27 11 438 4100 | T: +44 (0) 20 7634 4700 | T: +44 (0) 20 7933 8780 |
| | | |
+---------------------------+--------------------------+---------------------------+


Note: The information in this statement has been reviewed by Mr. Brett Thompson,
B Eng (Mining), Grad Dip Applied Finance & Investment, FSAIMM, MAusIMM and Mr.
Anton Esterhuizen B Sc (Geology), MSc (Mineral Exploration), FGSSA, MSME who are
qualified persons for the purposes of the AIM Note for Mining, Oil and Gas
Companies. Mr. Thompson is Chief Executive Officer of Pangea DiamondFields plc
and has over 24 years experience in mining operations with some 12 years
specifically in diamond mining and exploration. Mr. Anton Esterhuizen is Chief
Exploration Officer of Pangea DiamondFields plc and has over 30 years experience
in exploration activities throughout the world and has been the recipient of
numerous awards for his exploration successes.


Notes to Editors:


About Pangea Diamondfields PLC


Pangea DiamondFields plc (AIM: PDF) is an emerging diamond producer and
exploration company with a portfolio of seven projects each with multiple
resource targets, located in the Central African Republic, Democratic Republic
of the Congo, South Africa and Angola. The Company aims to minimise risk by
diversifying its projects geographically.


PDF listed on AIM in October 2006 and is led by a strong management team, with a
track record for creating shareholder value in mineral exploration.

For more information on PDF, please visit:




This information is provided by RNS
Posted at 14/5/2007 17:40 by smilewithme
"Privately-held Lesotho Diamond Corporation said
it expects"

LDC can say whatever they want - "expects" is meaningless.

I expect that my stake in PDF will 10,000 bag for me!

Pangea are still progressing their way towards takeover, as they were invited to do so earlier by disatisfied LDC Shareholders.

But the beauty here is the stability of the PDF share price. It did not rise on news of this bid and is well underpinned by existing assets. (And it should not fall if it does not succeed)

So, if we get LDC, great. If we dont, then theres a potentially massive resource at Dimbi.
Pangea Diamond share price data is direct from the London Stock Exchange

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