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Diamonex Share Discussion Threads
Showing 26 to 43 of 50 messages
|so holders on the 4 june will be able to pick some more shares for 23.5 cents or just less than 11p.|
|wow, what a quiet board. i thought there might be a few posts regarding the potential impact of the news. guess the board will come alive at the end of june when the company , hopefully starts production.|
|The directors of DiamonEx (AIM:DON) and Norseman Gold Plc (AIM:NGL) will be hosting an investor presentation on Thursday the 8th May at 6pm with Q&A to follow. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.
DiamonEX expects to announce its first diamond sale from the Lerala Diamond Mine in July 2008.
Presenting Thursday the 8th of May 5:45pm for a 6pm start.
At the Chesterfield Mayfair Hotel 35 Charles Street , Mayfair, W1J 5EB Canapés and wine reception to follow
|beat me to it!|
|"Subsequent testing by DiamonEx has since seen the grades revised upwards and the indicated resource increased to 3.7 million carats at an average grade of 27.41 carats per hundred tonnes. There's potential for this to be revised even higher. The current figure is based on four pipes to depths of 110m. One of these pipes, K003, could extend as far as 150m. Luckily for DiamonEx, this is also the best of the four, accounting for 2 million carats of the existing resource. A fifth pipe, K006, is not included in the resource and could add a further 80,000 carats or so."
|Now that the diamond market has been released from the clutches of De Beers, numerous mining juniors are targeting new discoveries. Few of these firms are making money but one of AIM's latest entrants, Brisbane-based DiamonEx, is about to commence production in Botswana and has multiple prospective licences in the same country and in the US.
It is strange - downright rude in fact but maybe they have their reasons such a litigation issues etc but then it would be nice of them to say so. The thing is that they have delivered to date, the project is viable and they are doing other things to increase shareholder value eg as in the USA. Also I expect JP Morgan, Investec etc will demand results so that gives me some comfort.
Check out the AIM reslease of today for the presentation that the company did at the Mines and Money Forum in London.|
|" I my experiences to date they do not reply to e-mail and treat shareholders as mushrooms!"
Doesn't exactly inspire confidence does it?|
|DiamonEx Limited is an Australian based organisation, which has conducted an independently verified and confirmed compliant feasibility study for a mine in Botswana that will be producing 330,000 carats of diamonds per annum. Based on this my calculations give an attributable profit of £4.2 million. With 133million shares in issue the market cap at present is £23 million. This gives one a very undemanding P/E ratio of 5 times and in my opinion the share price could easily double from these levels based on the verifiable income.
Other bull points are:
· The list of corporate shareholders' is impressive to say the least.
· They have 23 other tenement areas in the same region of Botswana that they are investigating and these have as yet have no value attached to them.
· New Kimberlite options acquired in the USA refer AIM announcement dated 7th November 07. Should this happen then one can expect an even higher P/E rating as USA assets trade at a premium to African assets.
· The Lerala mine is planned to last 11 years up to a depth of 110 metres but management believe that this can easily be to 175 metres depth (which should add another 6 years of life)
· Strong growth outlook for Diamonds.
Negative points are:
· I have been following this share for some time having bought in Botswana some time ago and I can say that although management have delivered everything they promised their investor relations is non-existent. In my experience to date they unfortunately do not reply to e-mails and treat shareholders as mushrooms!
In conclusion and in my opinion I do think that the share is a good buy at these levels and that the value will out with time even if it takes a takeover bid. DYOR etc etc.|
I hadn't thought of it like that but I do see what you mean. I stand corrected. I'll have to think it through some more. I had put together a random number sequence rather than the win,lose,win,lose... sequence that seems to be assumed. The results oscillated wildly depending on how you seeded the random numbers. They vary even more wildly when the stake is increased. I haven't looked at it a lot but it seems you are very vulnerable to the accident of winning/losing streak length and it doesn't average out in 100 trials.|
|Ive read all about the turtle traders.....some good some bad? What does Van Tharp suggest with regards to Money Management?|
|he also goes into detail about how the turtle traders started...|
I would seriously recommend reading Van Tharp's ' Trade your way to financial freedom '.....
Probably the best book Ive read after piper...
Great explanations of the holy grail and the importance of exit technique rather than entry....also some good money management bits...which big vern swears by.
|here's a reply to my review of the book. Hopefully it will spark of a debate or at least some further explanations for serious number dummies like me:-)
I think you have missed a few core propositions of the book. You may or may not agree with these propositions but they are what the book is about.
1. Successful trading is based on maths, probabilities and statistics. If you don't believe that then his book will mean nothing to you.
2. You have no idea what the outcome of any individual trade (or sequence of trades) will be. But the more trades you take the closer the overall results will move towards their statistical norm.
3. You are trading a system with a positive expectation. i.e. it is profitable
4. Your system or 'method' is pretty irrelevant. If you take a mediocre system (and he gives one in his book) you can make a lot of money from it using a good money management system.
I don't know how you've produced your chart but it looks to me that it only makes sense in the context of spreadbetting. In direct access trading you can't just trade x% of your account. You have to trade whole numbers of contracts and that's the important bit. In my spreadsheet Fixed Ratio (almost) always beats Fixed Fractional when you use whole contracts and is 50/50 with Fixed Fractional when used on Spreadbetting. I am unable to get any Fixed Fractional to beat Fixed Ratio by 17% or anything like it.
|will spell check it later....:-)|
|Right updated the header to include my thoughts on the book.|
|Frequentflyer - it is true, it's your maths that is dodgy, I think
in the coin tossing example, the first link, you lose money staking > 50%
details of calculation:
Play two coin tosses, lose one and win the other,
you end up expanding your capital by a facter of
s(1-p/100)(1+2*p/100) where p is the %
for p=10% you get 1.08, 1.08^50 to give 100 tosses and you get the 46.9, they quote 47
the trick is that as p increases the p^2 term dominates ( in the expansion 1+p/100-2*p^2/10000 ) and you start losing, once p goes over 50 it's not a question of drawdown, it's guaranteed long term loss|
|Just read the full book will give you my thoughts later after I put some questons to followers of the method...but I am not convinced that its the way to go either|