African Diamonds Share Discussion Threads

[mclellan] 05/10/2010 12:55

undecided- You will have noticed the break fee. It is, I think, there for a good reason.
There are other 'suitors' I am told, on very good authority. Whether they come forward or not, we will soon find out.
I can't say whether AFD had finance problems or not since I do not know.
Obviously, the money required for the mine is substantial.

[arf dysg] 05/10/2010 12:54

tanelorn, what do you mean?

[reddish tinge] 05/10/2010 12:51

Talking about poor memories....



teemore - 3 Sep'10 - 21:40 - 12119 of 13284

Reddish- JT has as much chance of recommending an all share offer to holders as I have of jumping over the moon. I would not accept anything less than £2 as that is the figure that I think is at the very lower range of valuation. In the same way as if I was selling a house or a car I would only accept a price which reflected value (if I had run out of cash then I would take whatever was on offer!)

As I have said on many occasions I am not the slightest bit interested in any offers as I am quite sure that they will be at a fraction of asset value with the bigger comapnies who have a few pounds trying to buy use us out on the cheap - nothing unusal about that. I say to holders sit tight and wait for production.



teemore - 4 Sep'10 - 13:34 - 12128 of 13284

Reddish stop spouting rubbish- you have found out very little except to speculate - dont confuse your own opinion with facts!!


teemore - 4 Sep'10 - 15:20 - 12131 of 13284

They are not considering any paper except the paper which is necessary to put the financial package in place to finance the development of the mine

The only think that concerns me is people like youself ('Jonny come lately') coming on this board posting rubbish in pretence of fact- you obviously think everyone is a fool like yourself! Where were you for the past 7-8 years? and how many different alias have you posted under? - no need to answer as it would be a lie!


teemore - 4 Sep'10 - 16:26 - 12138 of 13284

Quote form Reddish: 'If I wanted to state the source I would have said so' Nobody cares about your source as the source is yourself!!! I assume and hope that Jt has no intention of selling for peanuts or indeed in recommending anything close to 60p. As I said before he controls the company and it is up to himself and fellow directors to recommend or not recommend and I do not see him playing games.


A few people like yourself have appeared on this board recently who have inside information just like yourself!!!!!! Your continous posting of rubbish remind me of some other poster



teemore - 4 Sep'10 - 17:01 - 12140 of 13284

Reddish posting rubbish again - fact! You know very little about the Company and you certaintly have no inside information as nobody would trust you with such!! Stop making up nonsense about legal team etc as that fools nobody



teemore - 4 Sep'10 - 22:34 - 12152 of 13284

The Mullagh - Quite adament that the content of what he is posting is rubbish


teemore - 9 Sep'10 - 01:32 - 12367 of 13284

chapchip - some rubbish being posted -all speculation and I hope that JT does not allow the company to be taken out for peanuts or paper!

[vikramarahaji] 05/10/2010 12:50

undecided

Your posts show great depth of thought. You obviously take a great deal of time and effort in your decision making. Good luck.

[teemore] 05/10/2010 12:48

The usual clowns are posting again! and one guy posting about stupidity! Undicided - I'm not sure of your logic-We have shares in Luc and they have 60% of AK6 (along with another mine)and they are as undervalued as AFD were. When AK6 goes into production I expect to see a realistic share price representing close to the value of the two mines.

Lud - Your comment about Lucra is incorrect and you obviously have a poor memory as all your bank shares would be worthless except for the intervention of the Goverment (and of course the now to be burdened tax payer!)

[undecided] 05/10/2010 12:45

Mc. On the basis that JT has negotiated a position within Botswana Exploration which means that discussions have gone beyond an initial offer and we are at the finer detail stage. It is my opinion that JT would have only gone this far if there was no other worthwhile interest and now perhaps it would be to complicated to unravel.

Can I ask you one question if we accept that AFD did not have finance problems would you accept that JT has therefore sold out too cheaply and have you any views as to why he may have done this?

[reddish tinge] 05/10/2010 12:39

Look at the last all paper offer for one of Teeling's company's. WAD shareholders got an all paper offer from STEL. STEL listed and look what happened since :

[vikramarahaji] 05/10/2010 12:36

Stay calm. Fewer mistakes are made that way.

[mclellan] 05/10/2010 12:35

"Believe me no one else will come out with another offer so the latter is probably the case. "....and on what basis are we supposed to believe you?

[mclellan] 05/10/2010 12:31

undecided- load of rubbish in your post there.
"that poor John could'nt get finance and blaming debeers for not going ahead with the project in the first place!!! On the one hand your proclaiming JT our saviour while on the other hand confirming that he led us down this cul de sac where he had to make a forced sale"

1) when was AFD 45p 8 years ago?
2) who said he couldn't get finance?
3) it's not a question of him blaming DeBeers. That is what happened...FACT.
4) I didn't say he had led us down a cul de sac to a forced sale. Don't misquote me, thanks.

[undecided] 05/10/2010 12:28

Cc. The finance situation was contrary to what was being said by jc. I don't think Lucara had him over a barrel and I don't think Lucara would have exploited the situation either. Whichever way you look at it either as a businessman JT has led us into a forced sale or the value is'nt what we thought it was and JT has cut a deal for his own benefit. Believe me no one else will come out with another offer so the latter is probably the case.

[vikramarahaji] 05/10/2010 12:26

rainfall

Have you sold the lot then? You appear to be very hasty and are you sure you have thought it all through correctly? I have decided to hold but I doubt if I will add to my holding. I do think JT talks the talk but sadly does not walk the walk. Now lacks credibility.

[reddish tinge] 05/10/2010 12:21

Well said that man !!


undecided - 5 Oct'10 - 11:48 - 13405 of 13408

[rainfall] 05/10/2010 12:09

un 100 percent correct .he should resign from being a director in any company .he is finished

[chapchip] 05/10/2010 12:06

yaris...they had two offs of finance apparently....although i don t know on what terms, although viable as far as i know

yarisverso - 5 Oct'10 - 11:17 - 13400 of 13405


undecided, I don't suppose it occurs to you that, if JT could not obtain finance, Lucara had him over a barrel, and he had to do something. If this is a really cheap offer, then I would expect someone else to come in with a better offer.

[tanelorn] 05/10/2010 11:59

Arf Dysg > nwt

[undecided] 05/10/2010 11:48

Mc. There is nothing unprincipled about my comments. I don't understand how a number of us over the past months talk in terms of a world class mine putting a value of x on it being told by jc on numerous occasions that finance is in place are now happy to defend a sale that stuffs us as private investors on the basis that poor John could'nt get finance and blaming debeers for not going ahead with the project in the first place!!! On the one hand your proclaiming JT our saviour while on the other hand confirming that he led us down this cul de sac where he had to make a forced sale. Let me put on record that I am not a JT de-ramper and maybe we are all better off with him out of the business of diamond mining and today might well be the day when our situations improve. Approximately eight years ago I bought my first stock in AFD for 0.45p (and significantly more over the years) 8 years on John tells me my stock is now worth 0.445p. At the same time I am told we have a world class mine sorry it just is'nt good enough. Maybe you should be looking elsewhere for unprincipled statements.

[arf dysg] 05/10/2010 11:46

VikramArahaji,

A hit, a hit, a palpable hit!

Brevity is the soul of wit.

Like Apples of gold in silver carvings is a word spoken at the right time for it. -- the book of Proverbs

[vikramarahaji] 05/10/2010 11:22

And another is a good education.

[rainfall] 05/10/2010 11:20

all my life i have gambled and have loved it i have plenty of money good pension more pension to come which will give me over 50k a year for life indexed as well not bad hey. and more money that i will never spend .i have a great life and happy off to malta soon so have a good day all. rewards come in different forms one is death the other is in love

[mclellan] 05/10/2010 11:19

undecided- you sound very unprincipled from your comments above.
Let's go for some truth rather than fiction.
The problems with AFD were not of Teeling's making. They were due to the financing problems that DeBeers caused by not being willing to finance the AK6 mine for at leat 3 years.In my opinion...and I did take the trouble to ATTEND the meetings..Teeling and Campbell rescued the situation by proposing the early start up and the initial deal with Lucara.Otherwise, this project might still be sitting on its rear end.

[yarisverso] 05/10/2010 11:17

undecided, I don't suppose it occurs to you that, if JT could not obtain finance, Lucara had him over a barrel, and he had to do something. If this is a really cheap offer, then I would expect someone else to come in with a better offer.

[wheresmyyacht] 05/10/2010 11:13

doesn't sound like you have, rainfall.

[rainfall] 05/10/2010 11:10

luc are a second class company and afd holders be careful llok at wad holders bewarned . you have been sold down the pan along with me i no this is true and i am not a person to take it on the chin .i get what i wish .