Botswana Diamonds Share Discussion Threads

[varrirob] 28/4/2016 15:40

Thanks ein. There is certainly something brewing in the background.

[ein] 28/4/2016 15:19

M/Ms had a few sell orders which are nearly all taken up and a good demand for more?

[elmfield] 28/4/2016 14:57

I can not work put quite what is going on as far as share price moves, new one on me but maybe just maybe
the whole story will be new on most of us!

[varrirob] 28/4/2016 14:19

I can't see why we are being dropped on the share price as there seem to be a lot of buys going through?

[talkman2] 28/4/2016 07:44

I think the Gope / Maibwe situation looks potentially very significant for BOD .

The company describes the area and prospects as ' very exciting ' . The exploration there has already discovered 7 kimberlites ! BOD has 15% and is free carried for all future drilling up to a bank feasibility study

I don't think the market has cottoned on to this in anyway ( market cap a mere £5-6 ). The upside from current levels is very large . It's going to be fascinating watching this story unfold .

[ein] 27/4/2016 13:44

This is the time to sit tight, only starting, in my opinion?

[varrirob] 27/4/2016 11:33

Well a bit of short lived excitement. Looks like we may end the day where we started.

[varrirob] 27/4/2016 09:32

ein - certainly looks like it from this mornings chart. A definate GLA to all holders.

[ein] 26/4/2016 22:58

Varrirob, good things to come?

[ein] 26/4/2016 22:58

Varrirob, good things to come?

[varrirob] 26/4/2016 19:18

Agreed ein. I do like it when the share price increases but it normally brings about the silly brigade for some reason.

[ein] 26/4/2016 18:50

Its great to see informative comments on these boards and what a great command of English some people have?

[panic investor] 26/4/2016 16:31

Bought a few of these today, speculative buy on my part !

[euclid] 26/4/2016 15:48

Very interesting. (for Maibwe read Brightstone)

[ruthie] 26/4/2016 14:44

Look at the second last line (from the Sunday Standard)

BCL’S “LONG JOURNEY” TO ACQUIRE CASH INJECTION
Tlotlo Lemmenyane

25 Apr 2016
The market has its own set of rules, and BCL is not exempt from its dealings. In the case of BCL, the market demanded a guarantee from government, to obtain the backing of its full faith which reduces the risk of default.

It would later however be established that this is not a straightforward process, as demonstrated by the delays in securing the much needed guarantee. On Wednesday, BCL Managing Director Dan Mahupela painfully admitted to journalists that: “the journey to obtain guarantee has taken a long time.

The guarantee was finally availed this month in the last week of Parliament seating. However during the time that BCL waited for the guarantee the commodity market on the other hand continued to deteriorate, further crippling the mine’s financial health.

At the same time, Afena Capital’s investment analyst Kwabena Antwi in a previous interview told Sunday Standard that “in order to access financing from the market, state owned enterprise (SOEs) would need to provide details to the market of what the funds would be applied to, the returns that the SOEs expect from the application of funds and proof that they have the ability to honour periodic payments as and when they fall due.”

BCL in this regard failed to persuade the market and has had to incur costs due to the delay in obtaining government’s guarantee. At the cusp of market volatility of commodity prices, the financially constrained BCL continued to suffer the costs of loss of production waiting for parliament to grant the guarantee. This would render BCL’s responsiveness to the market forces inconsistent with the agility that such a situation demands from a commercially involved company.

Experts in commodity markets maintained this week that although BCL may be a wholly owned government entity, this does not disconnect it from the commercial market place within which it operates. Agility and speed are usually the order of business in commodity markets.

“In the commercial market place delays in responding to market conditions come with a heavy cost.”

Meanwhile amid the financial crumpling, BCL had an urgent matter to address at its smelter, which had reached a stage where it posed a real threat to the safety of workers as it had been overrun past its optimal condition. “If capital was forthcoming, we could have done it in the normal period,” said BCL Metals Production David Keitshokile. In the absence of sufficient operational revenue from BCL to undertake the smelter shutdown the exercise was as a result subject to incurring additional costs. It can be concluded that if the exercise to secure funds had been done in a timely manner, subsequent costs could have been avoided.

In response to the depressed commodity prices, Mahupela mentioned that BCL re-prioritised its exploration projects in February 2016 with the view of funding Polaris II key projects which include Maibele Nickel, Maibwe Diamonds, Selkirk Nickel project and the Sulphuric Acid and fertiliser projects. Maibwe Diamonds is expected to fetch a revenue of US$1.9 billion (P21 billion) and Maibele Nickel is valued at US$174 million (P1.9 billion).

[thomasthetank1] 22/4/2016 13:13

Read Northland Capital Partners's note on BOTSWANA DIAMONDS, out this morning, by visiting hxxps://www.research-tree.com/company/GB00B5TFC825
"Botswana Diamonds is continuing its exploration programmes in both Orapa and Gope. The ground based geophysics and heavy mineral sampling is being analysed in the field to allow the team on the ground to focus the drill programmes. At PL085 and PL210, located in Orapa: Heavy concentrate sampling completed and mineralogical analysis underway. At PL260, located in Orapa: Kimberlite pipe AK-21 diamond drilled down to 423m with sample prep underway, heavy concentrate sampling and analysis underway, and ground based geophysics underway. At PL135, PL136, PL137 and PL235, located in Gope: Ground based geophysics, heavy mineral sampling and analysis underway...."

[mally6] 21/4/2016 18:00

This does look undrr the radar just yet.wondr what the potential in ground value is

[euclid] 21/4/2016 16:08

Well it's always a good sign if soil sampling and geophysics is followed by drilling, which is expensive. It suggests there's something that could be worth the cost and effort.

[tomatoma2] 21/4/2016 16:08

Alrosa is is one of the largest and most technically advanced diamond explorers in the world.

[peterz] 21/4/2016 15:49

Would be useful to have an explanation of what the samples mean. For me anyway.

[euclid] 21/4/2016 11:07

RNS but no mention of Brightstone yet.

[chapchip] 21/4/2016 10:22

jungle drums....skijmey

[markfrankie] 21/4/2016 08:42

Is that the distant rumble of a drum I can hear ?