African Diamonds Share Discussion Threads

[hatto] 17/12/2010 13:32

I wonder if we might now see someone bid for LUC. Makes more sense than buying AFD & having the difficulty of a trading partnership.

[hatto] 17/12/2010 13:31

Good afternoon everyone.

I think any switched on World Wide Investor wanting to buy into LUC now, would be better off buying AFD surely.

Yesterday LUC was 90c that is 44p & you get 7p valued BD thrown in for free.

Switched on LUC holders may even have sold there LUC & bought AFD.

Certainly makes sense to me.

[chapchip] 17/12/2010 13:14

and your point is ??

[the mullah] 17/12/2010 13:05

Not many hours left to market Cap on AIM = 0

[chapchip] 17/12/2010 13:01

an interesting punt on 5m shares......no doubty turn a sweet little profit in a short time frame

[euclid] 17/12/2010 12:34

Not surprising that someone has spotted the arbitrage opportunity.

[currypasty] 17/12/2010 12:17

Centaurus Small and Mid Cap
International Risk Arbitrage Master
4. Full name of shareholder(s) Fund Ltd Centaurus Global Catalyst
(if different from 3.): Master Fund Ltd


over 5%

[the mullah] 16/12/2010 11:00

Tomorrow AFD Market Cap......

[the_curmudgeon] 15/12/2010 23:20

Teemore, 18 months.... that's the problem right there...

[teemore] 15/12/2010 21:47

Considerable negativity on this board. Someone quoted 'FDI announces first diamond sales from BK11'. It did not do the share price much good as it languishes at 26p, well below what AFD was/is -hats off to Kenny!!!!! I see Luc doing very well over the next 18 months.
peterz the new company will be called Botswana Diamonds and you will own the same number of shares in the new company shares as you did have in AFD(1:1 transfer).

[the_curmudgeon] 15/12/2010 21:33

i see LUC now dropping...

[peterz] 15/12/2010 18:39

OK so now I have 22000 LUC shares - so are my AFD in addition to those LUC, I guess so judging by people saying they are selling AFD (I guess because of a lack of trust in JT or feel he is a bit ...looking after self iterest rather than shareholders). Does AFD hold any excitement?

[the_curmudgeon] 15/12/2010 11:14

indeed ;-)

[the mullah] 15/12/2010 11:10

AFD was misled in believeing BK11 had no potential. All very misleading...

[the_curmudgeon] 15/12/2010 11:09

wirral - am with ya! good luck

[barker haines] 15/12/2010 11:00

And BK11 used to be Boteti's. So after all, it was FDI not AFD who started the first non-DeBeers mine in Orapa, after coming to the party late and getting hold of an asset that DB/AFD had first! Hats off to Philip Kenny.

[the_curmudgeon] 15/12/2010 10:08

mullah - my thoughts exactly. nice dilution, nice handout for the lads

[the mullah] 15/12/2010 10:03

AFD ceases trade in two days after being misled. FDI announces first diamond sales from BK11. Petra is chargibg ahead. Lucara issues a bag of options.

[hatto] 15/12/2010 09:04

Good morning everyone.

Will some kind person be doing a LUC ADVFN chat page?

[chapchip] 15/12/2010 08:43

hhmm vest at 0.95......you would think they expect a return on that...........looks promising

[currypasty] 15/12/2010 08:12

Lucara CORPORATE UPDATE



December 14, 2010 (LUC – TSXV) ... Lucara Diamond Corp. ("Lucara" or the "Company") reports that it has granted an aggregate of 680,000 incentive stock options to certain directors, officers and other eligible persons of the Company. The options, subject to vesting provisions, are exercisable over a period of three years at a price of $0.95 per share.



On Behalf of the Board,





William Lamb

President and CEO

[stuartmcewan] 15/12/2010 00:21

Anyone know a spreadbetting firm that lets you short Lucra?

[euclid] 14/12/2010 14:46

Incidentally, that is a highly technical report of 136 pages length.
For those with a few moments on hand, try searching within the document for the word "type", with a view to seeing what they say about type II.